They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

If someone dramatically overpaid in the peak of 2022 and didn't sell in 2023 when rates were at their highest than the chances are they will be fine in the coming year.

@Haley BrodeckiThis is a common challenge with smaller HOAs since many lenders require a high owner-occupancy rate for condo financing.

With $50k down and a 7% rate, the payment would be around $3300.In the Denver area, you can get $800-$1000/room.

But when the interest rates started going up about the same time the fed start raising its rate, new construction came to a screeching halt.

Still renting at market rate Lessons learned?

Cold calling is something that has become something I enjoy.

Many of these lenders allowing 2nds behind them are more expensive capital (10's - 13's in our current market [high rates - but now showing signs of coming down]).

I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?

When I originally put my savings into Marcus, it offered the best APY rate at 0.5%.