Using a 1031 to upgrade to a two-family could help you reduce or eliminate the $1,000 out-of-pocket expense you’re paying now.Also, condos often come with HOA fees that limit cash flow, so be mindful of their impact.

As a reminder, listing tenure positively impacts your performance on our marketplace.

if we flooded it, it might have a bigger impact. 

The short-term rental market here is particularly lucrative, though regulatory changes can impact profitability. 

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

Even if one tenant is responsible for rent payments, the others will live there and impact your liability as a landlord.Accountability:Requiring all adults to apply and sign the lease holds everyone legally responsible for the terms.

Depending how much of the neighborhood is a hot zone for renting rather buying, and which Property type is performing better than the other (meaning 1bd 1ba 2 floor renting out faster and much more consistently than a 2bd 1ba 1 floor), you can make your choice of those factors as well as other ones that impact your decision for what you wanna do with your investment.

Carnegie Mellon creates “$2.7 billion in economic impact each year”.

In regards to the valuation of the property what impact will this have and when do you know when its time to sell?

It's fascinating to look back at the 1970s-1980s and consider the impact of high inflation and interest rates on real estate investing.