If rates did drop, that 3 year fixed period means their rate would automatically drop with it, so they wouldn't have to refinance if they didn't want to, but if they did want to (cash out refi made possible by a recession forcing more elderly people into assisted living facilities, thus driving up rents, and the value of assisted living facilities? 

I recommend investing to start in places you can get to an home in a day whether that is a flight or drive. 

we currently live in long island, and was thinking of upstate NY, as that would be a drive away, if we ever decide to convert the STR to our vacation home.

Luckily its only a mile away and a short drive with no street lights or traffic. 

https://www.biggerpockets.com/analysis/rentals/b4636fbb-f12f...View report
*This link comes directly from our calculators, based on information input by the member who posted.

It is a good way to drive 5 star reviews.

Just prepared to run those numbers with their buyer commission, as that will be changing.Third, the property manager should be the driving force behind how and where you invest in the long term.

We had a few where we had to wait until rent assistance kicked in (and don't get me started people driving a Porsche and collecting rent assistance), but in the end we were whole.

Marlboro Drive, Chandler, AZ 85224.

She’s made all these accusations, which I don’t deem meritorious and I filed a response which anyone can access here or read below: https://drive.google.com/drive/folders/1JLyaqsu_mgRB87Dxr7AX...I don’t know what else to say.