Although 3.1% is a great interest rate I tend to not get too caught up in keeping a property just because the rate is good.

I am seeing interest rates start in the mid 6% range for foreign nationals here in Florida.

Higher inflation equals higher interest rates. 

Hey llina, as Jonathan stated below an LLC will not determine your interest rates. 

@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.

At any rate it is possible, but depending on your appraisal it could be a gamble

My wife and I own a couple duplexes in Florida, however with insurance costs on the rise, we're looking at Wisconsin, which is where my wife is from originally, and we're looking at small multifamily in Sheyboygan. 

Death Rate: The death rate has been gradually increasing.

What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences. 

My main concern is the interest rates being so high now as to whether what I'm hoping to achieve is really even possible.