Plan is to hold as long as my IRR is higher than 10% What made you interested in investing in this type of deal?

However, they go to far in being different.Your house looks great!

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Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

I’m planning to start by buying in Buffalo to gain experience and learn the ropes.

Quote from @Kornelius Friske: We have a STR located in peoria AZ. it's 6 beds (garage conversion) and about 3900 sq ft in total. our energy bill last month was $450 and has been hovering in the $350-$450 range since we went live in august.

You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

I am a new real-estate investor looking at flipping properties in a higher end neighborhood.

Of course "hoping" rates will come down is not a sound strategy so finding a way to assume a loan that already took advantage of low rates is a great option.If you were starting over and targeted a large SFH, would you try to maintain the property in a way that would still attract regular homebuyers (not investors) if you needed to sell?

You do not need a PM that "specializes" in Section 8.