Plus, with the seller covering a large portion of the buy-down cost, it reduces your immediate expense, making this a very attractive option.If you're uncertain about how long you’ll hold the property or foresee needing to refinance soon, keeping the 7.75% rate might make more sense, as you'll avoid the upfront cost entirely.Would love to know more about your timeline and goals for this property to give more tailored advice!

To me cashflow is important to cover unexpected expenses but I buy for wealth creation and tax benefit, not to supplement my income.

Hey @Bob Asad, we have several HELOC lenders in our network that cover your area.

We just request guests not let pets on the furniture...which some don't listen...and charge a competitive pet fee to cover any extra cleaning or damages.

Plus, the rental income is covering the mortgage payments on most of them, which helps keep the cash flow balanced.Now, I'm looking to expand into the US residential real estate market.

Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.

Currently not seeing anything that will bring cash flow just covering mortgage.

A good policy will also cover loss of use should an unlikely event happen.Re: liability.  

@Mitch DeminskiDo you cover Newark?

That should cover you for liability unless you plan to manage the property very poorly.A trust owning an LLC seems to be overkill for a single rental.