Ton's of people with golden shackles of sub 3% rates, epic net shortage, skilled labor shortage, on and on. 

They should do a cash out refinance or a HELOC when rates go down to tap the equity. 

I've just been swamped, showing properties, with everyone trying to tie stuff down before rates go up again.

Happy to keep the conversation going if anyone wants to dive deeper into trends or specifics!

I'm finishing up an ADU garage conversion in Downtown Sac and plan to do medium term rental for travel nurses.

I don't invest in FL, so I don't know local laws, but find a real estate attorney that does and have a conversation.

You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary. 

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.

Hi thereAccording to IRS guidelines, once a property is ready and available for rent, meaning after you completed the renovations. you would  be able to deduct expenses. snce this was your main home,  the tax accountant you will use will need to do a conversion from personal residence to a rental for depreciation purposes. the improvement you made, depending on what they are, may be added to your basishope this helps

The more properties you walk and the more industry conversations you have, the better you’ll get at identifying these opportunities.