It's been difficult to find deals that pencil with heightened interest rates and expenses. 

I have the ability to cover all the expenses if there is vacancy, which this property has low vacancy.

It can be, but it should not be anything close to the reason for purchase or sale.Sloped lots require a lot of regrading to level them which is WAY more expensive than most people think.

CA is expensive. 

However, with limited cash available, you’d need to ensure the return justifies the upfront expense.

or ways to reduce our expenses on mortgage every month. we both make about $105k each yearly. but with us planning to have kids in the future, she may stop working.Any advise is appreciated THANK YOU!!!

A cost segregation study will help maximize these properties depreciation expenses in the early years.

This is correct, but that .5% is IN ADDITION to all the other closing costs associated with a refinance (Title/Escrow Fees, prepaids, and depending on the bank, Underwriting / processor costs) - so in reality it can be a little more expensive to refinance with IRRRLs.

So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?

Hello,I have invested in a few properties meant for long-term renting.I have also since started a rental property management company that operates in areas we know very well (ascendiadynamics.com)Porto and Lisbon are very expensive areas at the moment.