Your monthly payment is going to be about 425/mo (20k loan 10% rate 5 year payoff) plus taxes and insurance.

Hi,Looking for guidance on investing in Tampa, what’s the vacancy rate, days on market?

Interested in flipping a home that would qualify based on HERS rating + energy savings and would like to partner with a lender to market the property as eligible for EEM.

You can expect 4%-6% equity appreciation gain, especially with current rate and inflation.  

Pre Payment penalties are standard of 3-5 years, and can usually be eliminated completely for an increase in the interest rate of 1.5-2%+/-.

What's a reasonable amount of time for a property management to tour, provide quotes, and get a property advertised for rent after a tenant moves out?

With our higher interest rate environment, 3% or 5% down may not be enough to be cash flow neutral.

Hello, Manuel Llanas, your property has several positive attributes, such as a great location and a low mortgage rate.

Also, because it's an investment property, any property you purchase will probably require at least 20% down and have a slightly higher interest rate.

Borrowing from the equity must be done wisely, or you will end up with negative cash flow and be at high risk due to over-leveraging.NOTE: I use interest rates much lower than they currently are in 2024!