About 50/50 success rate. 

Lets say your rate is 4%.

For example, in Phoenix (where I’m based), cap rates have compressed over the years, but strong rent growth and job migration have kept deals attractive.. compared to, say, San Diego, where the appreciation play is stronger than cash flow.

If tenant has been great and you have had no issue, I would be hesitant to drastically increase the rental rate.

In this case they were offering below market interest rates in connection with a lender.

With rising housing costs and mortgage rates, many buyers see ADUs as a way to offset expenses by generating rental income.

They have definitely become more challenging since rates have gone up.

Rents continue to climb as well but likely not enough to keep up with increasing monthly mortgage payments when considering interest rates and soaring property values.There are 2 main schools of thought when considering investing in an expensive market like Long Island.- Robert Kiyosaki, Grant Cardone, and similar thinkers believe its best to invest in markets with higher cashflow while renting where you want to live.

Your lawyer should have told you what the building was zoned/rated for.

High interest rates are deal killers IMHO.