Not the best time of year and we're in an emerging market area about an hour outside of Charlotte, NC.30Y DSCR c/o Refi's have already been done on every eligible property after rehab / 3 months seasoning.As more of our properties come up on 1+ yr of ownership, despite losing likely future appreciation of 25-30%+ annually and paying a 5% PPP, I are open to selling some houses off to start paying off much of the high interest debt accumulated outside of mortgages. 

In case I have to sell or I quit running STRs I wouldn't want to be under water out the gate.

.- Risk Awareness: Flood zone designations still help people understand general flood risks in their area.Elevation still matters under Risk Rating 2.0, but its role is handled differently compared to the old system.Under the old system, elevation certificates were often required to calculate insurance rates.

If you have a vacancy, do you want to wait a whole month before showing it to people again?

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

I was thinking of selling 1 house and taking some profits, but I have become aware of the following federal taxes1.

How can you sell it. does the original owner needs to sign any docs to do that?

It is a 2 bed, 1 bath house, in which he is subletting to at least 3 or 4 other people.

I've been using the MLS, but I like the idea of talking to neighbors to see if they’re interested in selling—or at least getting on their radar.

I can get her to sell to me for the current mortgage balance of$150k'ish.