Here's my situation:I own a duplex that is about 100 years old and my tenants pay for all of the utilities EXCEPT for city water (which comes out of my pocket each quarter).Both of these rental units could benefit from some plumbing updates throughout (e.g. - 1.28 gallon toilets, eco-friendly faucets, eco-friendly shower heads, etc.) as a way of helping this rental property consume significantly less water (enough to save me a few hundred bucks each year...

Buying a four-bedroom home and renting out the three rooms while living in the fourth is considered house hacking.

Fitchburg Listing Inventory has remained flat for the first quarter of the year, below the previous year with Sales matching near half the previous year over the last 2 months.

Household debt has hit a record high, rising to $17.69 trillion in the first quarter of 2024, with credit card debt alone averaging $6,360 per borrower, per CNBC.

As a lender, chase being a large bank has pricing flexibility as you noted with their rate but they are a bank first and mortgage company third or fourth. 

But are short-lived, as in will take less than 2 quarters to rectify. 

Quarterly, I update my PFS with them and they reevaluate the risk (there isn't much because of the equity I force into each deal) and that's really about it.

I usually head to the house once a quarter to check up on things and fix anything that might need to be repaired (and of course have some fun up there).

I use a 30-day probation period to determine if someone is a good fit.Monthly or Quarterly team outings are nice for camaraderie.

As of early 2024, inventory levels were about 3.79% higher than the five-year quarterly average, indicating a slow but steady increase in supply​​.Demand and Buyer BehaviorThe Birmingham market will continue to attract out-of-state buyers, with significant interest from cities like Chicago.