It sounds like you have a solid, strategic approach, especially with a focus on value-add properties in appreciating markets.

If rates drop, more buyers will come to the market and you can refinance to lower your monthly payment.

What is the average spread in the market(s) you are in for flips?

We're an appreciation market, not as much of a cash flow market here, unless you're putting a large down payment or actively managing STR's.Buying out-of-state can get you more cash flow, but the tradeoff is less appreciation (usually), and cash flow can be eaten up by maintenance and expenses.

OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.

I believe there will be major market decline due to other things, but I hope not.  

. 🎢 Market trends, investing methods, and economic situations are like a rollercoaster—they constantly change and twist.

we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor. 

@Sean Spagnola - I always like to have photos of recent comps in my back pocket to help with the design of a BRRRR to ensure that the finishes are similar/same to the market. 

Why do you think this will do well when you make it look nice on the open market and disclose it's in a flood zone and flooded in the past year?