You have to put 5% down vs 3.5% down, rates are usually higher, but if you have strong credit, your PMI cost can be cheaper than that of FHA loans. 

Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues.

I would strongly advice consulting with an attorney or financial planner to discuss your options.

In previous roles, I was responsible for the asset management, capital improvement, repair, and maintenance of an ANG Fighter Base worth over $400M.

There is strong rental demand because of growing population, job market, and the booming tech scene. 

We also have a very strong rental market, and that too has high demand from investors wanting to purchase. 

Best of Both Worlds: Rent Now, Sell LaterOne approach would be to rent the property for a few years, taking advantage of the strong rental market, then sell it down the road when they’re ready to cash out or if they see the market peak.

Having a rental property in Virginia Beach already is a fantastic start, and your focus on BRRRRs, flips, and multifamily properties shows you’re ready to scale.OKC is an excellent market to consider—it’s affordable, has strong rental demand, and offers great BRRRR potential.

Metro, and the expected spike in rent growth in the D.C. metro over the next few yearsSummary:After analyzing the data outlined below, I believe that investing in a value-add, multifamily property today has very strong potential for success.

If you have a strong management company here in AZ, that is key.