If you’re looking for steady cash flow, you might want to analyze condos with low HOA fees or explore multi-family properties instead.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I am exploring this option now and just learned about it. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Have you worked on any entitlements yet, or are you exploring both options?

For BRRRR investors: Are you rethinking cash-out refi strategies or exploring alternative rent models to make deals work?

-------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

If you’re open to exploring nearby markets, like northwest Georgia or north-central Alabama, you may have an easier time finding properties within your buy box.

Here’s a quick breakdown of our financials:Operational expenses (excluding mortgage): $33k (Jan-Dec 2024)Annual mortgage payments: $58kTotal needed to break even: $91k+Income earned this year: $80kClearly, we need to bridge a gap of about $11k just to cover our expenses, and I’m exploring options to increase profitability.

If the interest rate is still a barrier, you could explore adjusting your deal structure or negotiating with the seller to see if there is any flexibility on the price or terms to make the deal more attractive for buyers.Overall, while the interest rate may make it more challenging, it’s not impossible to work through.