@Anxhelo Lalaj  That’s a great instinct—putting family first is always the right call.

Now that the eldest's surviving spouse is nearing the end of life the question of what will become of the house has come up.

I'm representing myself (I Know my broker has to oversee everything) the seller is represented by an attorney.

long term buy and hold is my strategy and i wanted a location that was close enough to DT Houston so it would be in a desirable location in terms of work/school.

Quote from @Richa Wardhan: It's inside the city zoned RG-1, we would like it to be a vacation home and STR Hey, RichaIs the home already a vacation home and STR or is it a primary residence looking to convert over after potential ADU built?

For this reason, it would be prudent to not overleverage yourself in this type of environment in order to wait and see where rates do end up falling, as there is consensus in the market we are moving into a falling rate environment, the exact timing of when rates will be falling is unknown and different scenario analysis should be added to underwriting refinance periods to be sure the project is sustainable if inflation resurges and a refinance is delayed.

Yes, our event is free tonight.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Currently have a duplex I’ve been in 3 yearsMortgage 3.65% pmt $850Tenant pays $875Heloc $30k——monthly $291The issue I am running into isRates are so high right now and it’s a lot harder to find another that will cover full mortgage.Does it make sense to leave somewhere that it is full covered to go to one that is not?

@John Davis be sure to check out all the city landlord requirements.Michigan also has an online Landlord-Tenant Handbook that is awesome source of info.Lastly, be sure to join the RPOA investor's group in Grand Rapids.