We’re looking to increase our lifestyle through the decrease in housing and built a little passive income medium term. 

It will make the loans more valuable if you ever decide to sell them and decreases the chances of default. 

The article is based on # of sales, not price increase or decrease.

While rates may not decrease, the significant double-digit increases should level off.

The average days on market (DOM) in the NY Metro area has decreased over the last year.

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

If you can or do trust your PM company then speed can increase and costs decrease over time. 

I would strongly consider building equity to make a stronger down payment and further decrease your monthly cost. 

Property was originally listed for $1.2mm this past year they’ve done multiple price decreases to $699k.

Do you believe mortgage rate will start to decrease?