The human race has historically been poor at predicting future, so it's wise to prepare for multiple scenarios.Mortgage rates in 2025 may decrease slightly if inflation stabilizes and the Federal Reserve eases rates, though they are unlikely to return to pre-pandemic lows.

Two doors doesn't provide any sort of scale to make the cash flow more predictable. i would think hard if this is really worth your time, money, and effort...please explain the quote about two doors? 

I'm not skilled enough at Excel (yet) to create an accurate proforma for this from scratch.Does anyone know of a good resource for a proforma that would fit this?

So far everyone that has predicted rate drops have been wrong so I wouldn't bank on it. 

The Pearl is predicted to turn this area to a GLOBAL medical hotspot- forever changing Charlotte!

If your children decide to sell it (you can't predict the future), they will likely face steep capital gains tax. 

Quote from @Gregory Schwartz: I just read this article from Redfin (Housing Market Predictions for 2025) that predicts mortgage rates will stay at 6.85% in 2025.That seems like one of the few predictions saying rates will stay that high.

These offer a predictable return in the 4.25% range right now with minimal interest rate risk.

If you’re interested in investing here, I’d encourage you to speak with a knowledgeable local real estate professional or lender to get accurate guidance.

Long story short, any owner-occupied property loan will require the borrower to show income that the lender can determine to be stable and predictable in their good-faith effort to confirm the ability to repay.