We've also been riding the wave of low interest rates for years and now that rates have risen investors have to be a little more creative with their investment plans and take a longer term view of stabilizing the building to make it a nice cash flowing property.Where are we going to find more 2-4 unit properties?

It sounds a lot like timeshares or partial ownership plans room the 1990’s and 2000’s.

I would list the property and advise the tenants you are planning to sell. if they want to stay month to month, that's fine.

We’ve just finished our 2025 planning meetings for our six largest projects, and it’s been an interesting process. 

My plan would be use the 401k kind of like a hard money loan where I'd acquire the property, rehab it, then refinance long term, pay off the 401k loan and get it rented.

The best advice I can give is this: if you weren’t planning on RE would you go to college?

Expect to remodel kitchen and baths and put new floors down, paint, knock down a wall to open the floor plan. 

What was your backup plan on the Wrap, if the buyer stopped paying on the underlying mortgage? 

It depends on what your plans for the property are. 

Honestly, Tampa checks all the boxes for cash flow, appreciation, and long-term growth, so let me know if you need more specifics or help with a plan!