You should have bought a 2-4 family house, lived in one of the units and rented out the rest.Recommend you live in your condo for a year, rent it out, then try the strategy above.

I do Bridge loans up to 70% LTV, if you have them rented out, we can go up to 75% LTV but you need a 720+ Fico, and we 80% LTV purchase loans.

PLEASE NOTE: I want to sell by mid-October and with current market volatility, considering renting for a year if necessary and listening as Rent/Sell.Upsides to RentingLuxury condo that presents well, in a growing neighborhood that should appreciate well.3.375% 30 year fixedWilling to hold long termDownsides to RentingNon homestead taxes will be 14K Annually!

There's only one exception to that last point and that's CDMX, which has started implementing regulations because foreign investors renting short-term have pushed rents too high for the local population, which has turned against those investors.

I think most of them are too immature and just don't want the responsibilities of growing up, like paying rent, power, food...  

It’s also crucial to have a clear exit strategy, whether that’s flipping, renting, or selling.

prior to rent control, I got rid of my poor tenants by raising their rents above market rent.  

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

I'm moving out of my house hack soon and planning to rent half the units out long term and rent the other half out mid term.

Purchase price: $50,000 Cash invested: $4,000 5 bedroom 2 bath house located next to Western Illinois University - All in for 80k and rents have pushed to 2,100 / mo without any utilities included.