@Lydia T. would love to hear more about your group and get connected with the agent you mentioned as well.

It clicked then why the interest rate was so high (8.4%) and why closing costs were higher than expected. 

This was about 5 years ago so costs are different now but at the time it cost me about $20,000 I was not expecting to spend.

I expect the property needs to be fixed up a lot 

We are expecting even more visitors to our area due to the fully booked for the 2025 season of the new Thunderidge Amphitheater as well as more gold courses.   

@Evan T.

I do like the idea of using the seller concessions to buy down the rate though since you have a 3 year PPP you probably aren't going to refi within 3 years, so you will hit the break even and this will give you a hedge against the risk of rates not declining (they are expected to decline, but this seems like a "free" hedge).

Or a prorated rent to the expected move-out date?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

If someone comes by after that and books a 2star property expecting 5star service, that's their fault.