The rate will be higher (typically 1% to 1-1/2% higher) but you will be able to sell, refinance, or payoff the loan without  having to worry about paying what could potentially be thousands of dollars in a pre-payment penalty. 

Regina, my sister is  currently stationed in Cleveland (coast guard), what are some good areas for her to scout for potential investment?

Keep in mind, the region is immensely sought after, leading to notably low capitalization rates.Positive cash flow from a rental property becomes challenging; however, there remains potential for substantial returns through appreciation.

It's a great property with still a lot of upside potential.

Paying $700 a month out of pocket isn’t too bad considering you’re in a great area with high growth potential.

Deal makers-  development potential, vehicles per day, road ingress egress off highway, signage potential, multiple road accesses, value add potential- housing- trees, boulders, ponds, walkout, views, right side of town, power-line right of ways, etc6.  

If any of the specific areas catch your interest and you’d like more details, these are only portions of the full reports I wrote on each submarket and I am happy to send the full report to you, feel free to send me a private messageAfter conducting thorough research on the economic and infrastructure developments in Alexandria, Virginia, I believe it holds strong potential as a long-term buy-and-hold real estate investment over the next 20 years.

Focus on STR-friendly areas like Newburgh or Highland Lakes, and use platforms like AirDNA to assess revenue potential.

The reason being they did not want to be caught in a lease and have to deal with potential lease issues down the road.

Finding the right realtor/wholesaler can be a huge advantage, especially someone who knows the local market trends and can spot areas with hidden potential.