I do, however, have virtual credit cards for vendors I have recurring payments with like cleaner, spa maintenance and yard maintenance.

@Jorge MartínezIf the builder is offering incentives to buy down your interest rate and if there is some negotiation room on price the new builds can be a good investment because you'll have a lower monthly payment and new builds usually come with some type of warranty and will have lower maintenance cost because everything is new.

I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!

Yearly Expenses Amount Amount per month Loan @ $400k $ 25,308 $ 2,109 100k Note 8 years $ 15,192 $ 1,266 Taxes $ 3,700 $ 308 Insurance $ 1,300 $ 108 Snow Removal $ 1,140 $ 95 Maintenance $ 2,000 $ 167 Total $ 48,640 $ 4,053 I would manage it myself.

This isn't always their initial plan, but it often turns out to be a profitable strategy.Several clients have considered buying condos to rent due to the lower maintenance requirements.

That means more people creating more wear and less money for maintenance, upgrades and city services.The other purpose of these laws is to protect single family neighborhoods to be family friendly (meaning people with children).

., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.

Samuel - The maintenance expense looks a little high to me.

I utilized 7% for CAPEXand 7 % for maintenance given recent updates .Tenant pay for electricity and gas.

The maintenance is reasonable, and our reviews have improved as well. - Trevor