Maybe you’ll get lucky and they’ll sell to a new buyer that will jack the rents up to market rates and supply new agreements.

New unemployment statistics indicate the region's jobless rate actually fell in April to 3% down from 3.5% in March and only slightly higher than 2.9% a year ago, according to figures from the Texas Workforce Commission.

High interest rates are causing price corrections in specific markets across the USA that saw massive growth and transaction volume in 2020/2021 due to low interest rates.

A broker said, "You will pay pro-rated taxes title recording fees and a $395 broker compliance fee" Is this true?

Cheaper rates usually translate to more stringent requirements for safety standards.

That being said, they appraise it a bit differently by using "Capitalization Rates" or "CAP Rates" to determine value instead us using comparable properties to establish value.

Advertise and rerent.

However, be prepared for potentially higher interest rates on investment properties compared to primary residences.Cash Flow Considerations:While your primary goal is appreciation, aim for at least neutral cash flow to cover your expenses.

This can be achieved through a process called "note selling" or "note assignment" to a note buyer (investor).The terms of the note (interest rate, monthly payments, duration) are crucial as they determine the value of the note to the buyer. 

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