A paid option is rarely desirable to a medium term rental guest unless the location is exceedingly desirable and homes are hard to come by there.

We live in a very desirable town 30mins outside NYC with great schools. 

We obtained lists of owners in the desired locations and began reaching out to them via phone.

I am starting from ground zero, with no prior background or capital to invest, but with a strong desire to create passive income for my family.I currently work as a middle school teacher in California, and while I love my profession, I have a strong desire to explore avenues that could potentially provide financial stability and additional income streams.

I am not sure where the pricing is today as all of my recently originated debt is construction financing which is adjustable and  tied to the fed rate but your broker is not being honest with you if they are saying rates never drop below 7%.As for your desire to complete a BRRRR, the interest rates certainly impact the debt coverage ratio and thus the refinance proceeds.

You can also browse real estate platforms like Zillow or Realtor.com for potential listings in your desired area.

The property is a bit older and back up to a main road so its been a lot of ongoing major expenses over there, plus in a normal market it would be less desirable but the lack of inventory may keep the price relatively elevated this year.  

We obtained a list of owners from CoStar in the desired locations and began making calls.

A desire and ability to share their knowledge4.

The single-family and multi-family homes are at a lower price point than most other neighborhoods in the city while still being a safe and nice place to live.Pleasant Ridge and surrounding zip codesHighly desirable area to live in for all age groups with plenty of bars/restaurants nearby.