It’s a straightforward way to access the funds, though keep in mind that interest rates may be higher since it’s a rental.Alternatively, you can consider a HELOC (Home Equity Line of Credit), which gives you flexibility by letting you borrow against the equity as needed, similar to a line of credit.

When they do move out, there's typically higher turnover costs.

On average, homes in the area have seen an increase of 8.18%, significantly higher than the national average, which typically ranges between 2-3%. 

The ROI(Return on Investment) in Mobile has been proven to be better than anywhere else in the state with an average ROI at 4% higher than the rest of the state.- The RSA Battle House Tower in downtown Mobile was constructed in 2007 costing $220 million, with 35 floors, and services office, hotel, and restaurant space.Education Information -Mobile is home to the University of South Alabama, Spring Hill College, The University of Mobile, Fortis, and Remington College.

I work closely with several local credit unions and commercial mortgage brokers and rates were dramatically higher just 30-60-90 days ago. 

If I were to sell, I’d likely purchase an investment property that would yield a higher cashflow.

But you will be paying the higher tax rate, since Canada is higher usually there will be a top up.

But by adding discounts 3ish months out, we are getting longer lead times, so people are booking farther in advance and locking in at higher rates because we have more competitive pricing for those people that are planning further ahead.

I flew out there and did drive around the neighborhoods - they look much different in person than in photos and video tours (I do know a few CA investors who buy sight unseen in multiple states but I think their risk tolerance is higher than mine).   

Higher risks based on the tenants.