If you have more of an appetite for leverage, then I think you trade up into better quality, higher appreciation assets; however, life does not exist on a spreadsheet.

3) Chances are HiGH you would make more money putting your tax free capital gains in a bank CD than using this property as a rental. 4) after all that. 

We are very flexible and would highly appreciate any suggestions or recommendations you might have!

You also have to take into consideration this is a condemned building, so you will need to get permits for all the work you will getting done on the property, Also, given that this is SV and not a prime area on the west side your ARV will not be high.

I highly recommend taking your deal(s) to your local meetup.

@Aaron Mazzrillo, Hotel income, as you may imagine, is highly cyclical.

We had a recent FHA quote with 3.5% down in the high 5%’s..What do you expect from the purchase and refinance markets if rates drop by 1%?

I have one house-hacking property in SLC, but homes here have gotten a bit too high to see any cash-flow.

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

- Tenant application and screening reports, background check, etc- Unit walkthroughs- Inspection by quality inspectorFew questions I have are, whats your thoughts on:  1) Rent estoppal letters from tenents?