Chris, Agreed & I see a VERY low probability that interest rates will be in 4s or 5s in 2025, so those deals with variable rate debt will likely continue to bleed.

I'd say my biggest question right now is how to get accurate numbers for when analyzing a deal (specifically insurance and rent) and what's the ideal percentage to use for variable costs?

Lots of variables on that one, but more than a $6k charge.  

It doesn't happen often, but there are times when the data providers screw up a variable and suddenly they think your place is built with imported Italian marble and golden fixtures.Nonetheless, I appreciate the feedback.

The key is to understand the capital stack, who is in line in front of you and what are their terms.The people who are getting burned may have known there was debt in front of them, but did they know it was short term or variable - did they know all the details to make a good judgment on the investment.If a property had 20 year fixed debt at 70% would you take that over 3 year debt on a variable rate at 50%? 

On insurance side of things, there is a lot of variables.

@Brett Jurgens,With strong equity and a good tenant, you have a few options:Cash-Out Refinance: Offers lower, fixed rates for stable monthly payments and lets you keep the property while using equity to invest in another rental.HELOC: Provides flexible access to cash, though with typically higher, variable rates that can fluctuate over time.1031 Exchange: If you're open to selling, a 1031 exchange could defer taxes and allow you to trade up to a higher-value property or diversify into a different market.Each option has pros, so it really depends on whether you want to hold onto the current property or leverage its value for something new.

There are way too many variables to even use that as a rule of thumb.

I tried things like charcuterie boards from a local company, but there were too many variables.  

Because of this I didn’t state any potential returns… there are too many variables.. would my partner want to live in a unit and run the property themselves and do short term rental?