I refinanced it into a  5% 30-year mortgage with a local bank as the seller would only carry the loan for a year.

I always carried high deductibles and insurance was more about catastrophic events.   

The property is paid off so you have options.Based on what you’ve shared, you carrying the note sounds like a viable option.Have you considered seller financing?

@Carrie Matuga I thought you might be interested in this thread.

However, longer-term bonds (1-5+ years) are subject to interest rate volatility:If rates rise, bond values drop, potentially leading to negative net returns.If rates fall, bonds appreciate, but gains are capped by their fixed coupon rates.While Treasuries provide stability, they offer limited upside and carry hidden risks for medium- to long-term maturities.Why Real Estate Is a Stronger Option in Today’s MarketMultifamily real estate, particularly value-add properties, presents an asymmetric risk-reward profile that Treasuries simply cannot match.

I buy real estate but I carry debt which is actually tax deductible, my money works for me.

I have a property listed for sale in Goodyear, AZ and it carries a 2.25% interest rate.

Carrying on with BGC for all adults 18+!

Incurring losses every year will mean that the losses will be suspended and carried forward and will offset future passive income.

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.