In construction, there is only so much you can do to reduce your margins while staying profitable.

What is the minimum amount of profitability acceptable at a $60 million loan volume4.

2 or 3 bedroom properties would be more profitable considering their cost?

Happy profits!!   

We've been head down for 5 years getting started with this portfolio, just starting to become an evangelist for sober living now that there's some proof in our business that it's impactful and profitable.

During 2020 to 2022 I was fighting to keep my business profitable as materials and labor came in short supply and eventually led to the inflation we're seeing now.

Quote from @Conte Cuttino: Property is in C+ area but in a different School district that’s B-If I sale I’ll get 30k profit after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

Also, for me 30+ bookings tend to be less profitable even though there are less vacancies.  

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.