@Rachel Jane a lot of issues here to consider:1) Does the condo association even allow rentals?

This section asks you to list all properties you currently own and what you owe on them.and includes a full page of boxes to fill in such as Property ValueStatus: Sold, Pending Sale, or RetainedIntended Occupancy: Investment, Primary Residence, Second Home, OtherMonthly Insurance, Taxes,Association Dues, etc. if not included in Monthly Mortgage PaymentFor 2-4 Unit Primary or Investment PropertyMonthly Rental IncomeCreditor Name Account NumberMonthly MortgagePayment Unpaid Balance To be paid off at or before closingType: FHA, VA, Conventional, USDA-RD, OtherCredit Limit (if applicable)It doesn't specifically ask who's name the loan is in.

Know this:  the #1 reason why landlords fail according to the American Apartment Owners' Association is failure to manage to the lease. 

This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations

NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."

I have used Prop wire for some skip traces, but the numbers and emails it provides were not associated with the property.

Find a REIA group or check with the local realtors association to connect with investors.My 2 centsMike

Its pretty awesome (BTW, I am not affiliated with FUB, just a passionate users)You can capture all the homeowner demographics along with associated relationships and information - pictures, files, emails, notes, calls, text, etc.You can have a team number(s) at no addition costs (we use it to lead generate for different states and can be configured to round-robin. 

The Milwaukee REIA https://www.milwaukeereia.com/ and the Rental Property Association of Wisconsin https://rpawi.org/ are both great for connecting with experienced investors, lenders, and property managers.

There are a bunch of different figures associated with this decision, such as new interest rate, old interest rate, cash flow of new property etc, but I'm having a hard time getting my mind around how to analyze the decision mathematically.