You can expect to pay about $5k per year or so, depending on where your unit is and how much you pay for it.I can give you more accurate details and help run numbers on your unit with you, if you like.

Below is the factual data.Rental Inventory & Median Rental Prices (The data is for Ft Myers and Cape Coral)As stated in previous updates throughout the year, we were expecting an increase in inventory and a decrease in rental pricing.

I assumed that was a good thing and the 5% K&T wasn't a problem since everything was working correctly and safely.

Don't be afraid to tell them you were nervous as you didn't hear back from them, and ask if they are swamped or were on vacation and expect and gage their answer.

Expecting a pick-up for January 1st lease expirations.

Since the interest rate is already high, adding to it won’t drastically change your overall costs and will free up the liquidity you need for the new investment without affecting the low-rate financing on your multifamily property.Using the hard money loan to close on the new property could work well, especially if the property generates the $6,000/month you expect.

I fully expect several months until I see any return especially in this market, so I'm not afraid to tie up cash in that way.

just don't do a lease. as others have mentioned, this forces the buyer of the property to take over the lease (if its even allowed/ they qualify) and it certainly does make the property a little tougher to sell. i'm also doing a house hack, and here in CA, its made a world of difference for me. the bulk of our energy usage is in the summer when we want to run the a/c. my bill stays a constant $228/mo (i pocketed the tax credit and simply financed the panels after that grace period). instead of getting an $800 bill in the summer months, we run the a/c at a constant temperature 24/7 on auto, stay comfortable, and i typically get a little bit coming back at the end of the year. don't expect to pocket this "little bit back" by being conservative with your useage, it sort of is a use-it-or-lose-it situation... i think i got $54 back this year.

I’ve grown professionally, confronted fears, and stepped out of my comfort zone in ways I never expected.

With the upcoming expected rate cuts making real estate "more affordable", I believe this will unlock many buyer's who've been waiting on the sidelines.