However, if the market has peaked, selling could lock in profits and provide capital to reinvest in more promising opportunities.Ultimately, it's about aligning these decisions with your broader financial goals and market conditions.

Just a rate does not show what options people can find on the market place.I just locked a loan at 5.99% with 1.15 points and no prepayment penalty for an investor.

Seems like you already have your target investment property type locked in which is great. 

Some type of renovation will likely be required to generate any cash flow in that area, but to be honest; it might still be slim unless it's a heavy renovation.That area is like anything along the NW blue line corridor...great for house hacking, but really tough to make the numbers work on a straight investment deal.You might be better off trying to find something off-market if you are locked into finding a deal in that area.

Change the locks and start getting it ready for lease-up.Determining what is owed is a different issue.  

He has had many mobile devices (tablets, cell phones..ect..) lost and stolen.

If you can, lock in a long-term fixed-rate mortgage at today’s rates.

Additionally, some lenders may offer rate locks, protecting you from further interest rate hikes.By staying adaptable with your financing and strategic with your spending, you can protect your margins and stay competitive in a challenging market.If you need help exploring financing options for your next project, feel free to reach out!

I am actually trying to lock down a private money lender so I might not need a traditional bank for the loan. 

In the first call they disconnected my old PMS before setting up any of the messaging, notifications to cleaners, or locks before the end of the call.