I’ve contacted banks in regards to Ioans and as you know rates are a bit higher than in US and you have to go through much more hoops to get one.

See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.

You’ll get an automatic 20-40% discount (tax deduction) off the rates which might make doing it yourself not worthwhile. 

An agent would lose a couple grand servicing the property at that rate.

They are not too far off from a 30 year fixed mortgage, sometimes even the same rate. 

Hey Mitchell, Doing a fix and flip in today's market with high-interest rates can be challenging, but it isn't necessarily a bad idea.

If your existing rates are 3.25% and 4.25%, you are 100% going to take a hit on rates and subsequently, cash flow. 

I’m also weary about what’s going on in the housing market right now with high interest rates housing will go down immensely in prices.

The other 1% are constantly reviewed by licensed Realtors, large wholesalers spending $20,000 monthly for marketing, numerous platforms and services selling leads, fix n flippers, syndicators, investment funds,  and “opportunistic” buyers such as myself with millions of dollars in cash to close any discounted deal in less than 48 hours, if need be.  

.- Both boilers installed new 2017- Both electric panels upgraded 2015  - Shared Backyard access for bottom 2 units- No Parking, No Central Air- House built before 1900- Roof about 20Yrs old- Assume Fed cuts rate at least .25 point later this year Any thoughts would be appreciated.