., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

I already have 2 loans on the property with great interest rates that I'm not looking to replace.

If you're considering hard money loans, they can provide fast funding, but with higher interest rates and shorter terms.

"Buy the property, but date the rate!".

Good occupancy and solid CAP rate.

the rates increases have really impacted BRRRR.  

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

CA has the highest sales tax rate in the country.

I see this making it hard to scale.question: how come your rate is so poor?