For example, most Developers in the Seattle area are taking many properties and turning them to condos since that is a booming market with high rental rates And sometimes more conveniently built and accommodating then a SFH.

.- If they say $0-$50, you'll have to get rid of them at end of current lease.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.

For context, before I learned about his 6 unit I was planning to purchase a 2-3 unit long term rental in Q1 2025 as my first of many deals with a 5 year goal of financial freedom so I can coach my daughter's high school cross country and track teams.

I highly recommend going to meetups and talking to investors in person. 

Let’s break this down:The case for holdingThe 4.75% interest rate is a valuable asset in today’s high-rate environment.

BIG high-5! 

Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that. 

So, we felt we had no choice but to stick with this guy.Move on to the end of June. 

End units are the "premium" units of course. 

It is harder to sell on the back end, but I do feel like it is easier to negotiate nowadays.