This realization has prompted me to actively explore my options rather than procrastinate.I eagerly anticipate your insights and suggestions on how best to proceed.

.** Slight bias against Florida due to anticipated stress and anxiety of watching a hurricane hit your vacation home annually, ha.

If you're anticipating big income one year, you could have up to 3 property tax payments in 1 year (January, June, December for the following year)!

So you may need to come in with a lot more equity than you anticipated.

Someone with some good experience, I would anticipate 10-12% interest only for 6-12 months with varying degrees of lending to ARV.

Older, less luxurious assets are now pushing north of the 6% threshold.With a significant stake in the $4.5 trillion commercial real estate mortgage debt, the multifamily sector anticipates a modest increase in loan maturities this year, with obligations of $255 billion and $243 billion in 2024 and 2025, respectively.

Do you anticipate a major expense like new HVAC or roof soon? 

Some areas of interest are: is the property going to be harder to sell, what kinds of issues should I anticipate, has anyone ever dealt with this before, etc etc.

My current understanding is that ADUs may offer better cash flow, although they may not necessarily provide superior appreciation compared to condo investments, considering the anticipated decline in interest rates over the next couple of years.Thank you for your expertise and guidance!

I am assuming the $500/month neg cash flow is projected with underwriting that reflects all anticipated costs such as maintenance/cap ex, vacancy, pm, taxes, insurance P&i, misc.