Gives you time to go do more deals and get more contracts accepted for the next one. 

Assuming that all goes well and the buyer’s good-faith offer is accepted by the seller, the earnest money funds go toward the down payment and closing costs.

Hello @Timothy Hilario,I think there are benefits to both strategies.If you move out of your apartment and rent it as a mid-term rental, you could see decent cashflow without pulling equity out of the unit.

House Hacking, STRs, Mid-Terms, and BRRRR are all solid strategies to explore.

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

What should I consider about the purchase price, interest rate, and other terms? 

Some similar phone numbers and such to other short term companies that other people said were scams.

These low interest rates make financing property purchases more affordable and appealing, enabling investors to secure favorable mortgage terms.2.

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

Other local lenders I have used recently do not have very favorable terms.