I have a condo in Connecticut that generates a cash flow of about $750 a month, and I have approximately $130,000 in equity at a 3.25% interest rate.

I would cross check their rental rates they are giving you with the Property Management Company.

Hey,I was asked what a typical Gator Method deal looks like recently.Each Gator deal I do is different in some way, but here’s how a recent one played out.It was with someone who’d already found a property AND they’d got a buyer for it.I didn’t have to do ANY of that work.All they needed was the earnest money for the deal which is why they reached out to me.We talked on the phone and agreed on my rate for the investment.I then sent him the paperwork and wired the money.Simple.And the result?

Charge the tenants a higher rent rate and include utilities with their rent.

However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow.

Here are the pros as i see it: easy (no purchase necessary, you know the property), likely prop 13 property tax discount, possibly below current rate loan.  

Since you are new to the market, you can look at what the top rent pulls look like and cater accordingly on the design.You always want to build relationships with contractors, but that takes time and you always need a solid bench, just like in basketball because some days your starting plumber just doesn't show up and you need to bring in the backup.The rates are the rates and they aren't going way down soon so it's just part of a different metric to evaluate in your new market.Good luck!

There is so much that goes in a business, rental rates, rental tax, inventory,  job costing, payroll, business analytic reports etc, QiuickBooks does handle what I have mentioned here. 

You will owe monthly payments until you fix the property up, rent it out, and refinance to a more traditional 30 year fixed rate product. 

What I'm hoping is to value add and refinance a bit later if/when rates go down.