(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR). 

Typically though as part of this cancellation they give you a time period to fix the issue.

@Christopher Morris November of 2023 was one of the highest rate periods we have had in a long time.

Markets are relatively efficient even in real estate. 

Truth be told, most will refinance their 5/7/10 year IO loan before it ever reaches the adjustable rate period.

Step up into the 300k or high as you can and you'll see some great appreciation, quality renters and shorter vacancy periods if any.Sink as little into Dead Equity as possible, write off everything you can and after 5 to 7 yrs, when you click on my website and see: 100% 80/20 680 score, NO DOC Hybrid Option Arm with 1% min. payment rate100% No PMI to $1,850,000100% No PMI- one day out of BK to $1,000,000SELL, SELL, SELL, SELL EVERYTHING!!

The best FX traders don't trade short term according to charts and signals, but over periods of months and years as they watch large scale economic changes unfold on national and global levels.Cryptos aren't nearly there yet. 

In today's market, rentals might be more appealing due to stability, while flipping depends on timing and efficiency.

We have a property in IL that we are looking to raise capital to stabilize and we want to be organized, professional, and efficient.

However, if it's close or below, you may struggle with cash flow, especially when the interest-only period ends and payments increase.If you’re uncertain about rental income projections or want help analyzing the numbers further, I’d be happy to assist with more detailed calculations or financing advice.Best regards,Drago