Although they also carry the opportunities for price fluctuations to help cater to your renters for lower renting rates if you so choose, while also still giving a reasonable return and helpful income opportunities. 3.

If you find one further North, it would be worth diving deeper into HOA rules and city rules.Secondly, when you're talking to your insurance agent, ask if there are different prices on premiums based on fluctuating your deductible for the "all other perils" deductible. 

Option 1: Purchasing a Duplex or Triplex for Long-Term Rental (LTR) Pros:Potential for stable, long-term passive incomeOpportunities to build equity and increase rental rates with property improvementsDiversification of your investment portfolio with a residential real estate assetLocal proximity allows for easier property management and maintenanceCons:Rental mortgage might have less favorable terms compared to a primary mortgageDealing with tenant issues and vacanciesPotentially lower ROI compared to short-term rental (STR) in a high-demand vacation areaOption 2: Purchasing a Second Home for Short-Term Rental (STR) Pros:Dual-purpose investment: personal use and rental incomeHigher rental rates and potentially greater ROI in a desirable vacation areaSecond primary mortgage may offer better terms than a rental mortgageOutsourcing property management can save you time and effortCons:STRs may require more hands-on management or higher property management feesRental income can be seasonal or fluctuate with market demandAdditional costs related to furnishing, stocking, and maintaining a vacation rentalScouting for properties remotely may pose challenges

Financial Security Close: "Selling your property to me provides financial security and eliminates the risks associated with market fluctuations or extended listing periods."

Investors should not change their criteria due to interest rate fluctuations.

Market Fluctuations: The real estate market can experience fluctuations, affecting property values and rental demand.2.

Capital intensive, market fluctuations, dependent on lenders/banks, hard to lease, lack of cash flow, dealing with all the people you have to contractor, townships, realtors..... the list goes on.....

Arv is harder because the market fluctuates.

However, all the comparable properties used for reference were sold over a year ago, and the real estate market might have experienced fluctuations since then.In this scenario, I am reaching out to the group for suggestions on how to approach the ARV calculation in a more accurate and informed manner.

Like Marc said, I'd certainly try to get a 3 bedroom; I've noticed that the 3 bedroom homes tend to have a more stable rental rate during market fluctuations. 2/1's are usually very inexpensive, but they tend to be in rougher parts of town. 2 bathrooms is certainly preferable, but if the numbers work on a 1 bathroom then go for it.