Quote from @Stepan Hedz: Selling fees (estimate), $30,000, and holding costs?

I did notice end of 2024 to be more active and January to continue that streak compared to 2023 and start of 2024.

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.  

My goal is to offer an affordable monthly payment that competes with renting a comparable property and offers a benefit to paying a bit more to "own". 

There's actually some deeper nuance here than just the holding period. 

It also helps to show them the amount of interest they can get when they add up 30 years of payments (compared to the sales price). 

While these vendors are typically reputable and skilled, you might not get the best price compared to shopping around directly.

As much as prices have increased, comparatively you still get A LOT for the money.

I recommend comparing lenders to make sure you get some good terms and financing options for your next investment!