This would likely result in negative cash flow, which is a red flag, however, some argue that is a temporary problem which will be solved within 2 years when interest rates come back down.

This layout makes it very attractive to traveling medical professionals, digital nomads, and other types of travelers who need temporary furnished housing for 32+ day stays.

That obviously decreases the value of the property for investor buyers because they'll be the ones handling the rent increases after the closing.Even if you're not planning to sell anytime soon, you want to start increasing rents slowly.

There's a poll going on in these forums, and most of you believe that mortgage rates will decrease in 2024. 

@Jannet Matthew switching utilities over to the tenant can be a great to decrease expenses for a property.

@Brian Szykowny, Your workload relative to income should decrease along with some other scaling. 

Doing a 40 year term as well, your payment does not decrease significantly from a 30 year due to the additional interest charges.Option 4: Of the 4 options presented, this appears like the choice I would make. 

.- sounds like you have  already  figured out  what you should do .....also  - fyi  regarding  any  seller  credits  you can  obtian ....if you believe that you  will sell the property /  refinance the loan or  possibly pay it off in short term - dont use the seller provided  concession to buy rate down -  ask for the  price to  be  decreased  ...if you think you will carry this loan for a longer period - consider the  buy down  rate/ fee options 

Flex as in put a temporary wall in the living room to make a second bedroom which is super common in New York City. 

You may do well marketing to Realtors for clients relocating to the area who need temporary housing.