As you develop these relationships, take the opportunity to understand what sponsors are looking for.

In our market that's solid base hit given the higher rates and lack of supply. 98% of the houses I see negative cash-flow without creative opportunities (MTR, STR, rent-by-room) or BRRRR. 

If you call them all you will probably get 20 different prices for the same engagement. 

The combination of interest rates + high prices is making me consider moving to a more affordable market.

And if I sell it why does it make more sense in the long run, and at what price should I sell it for if it’s appraised for less than I bought it with current market. 

Purchase price: $75,000 Cash invested: $75,000 This is a duplex with 2 bedroom/1 bathroom on one side, and a 1 bedroom/1 bath on the other.

I’d prefer to sell out right (get the higher price from an owner occupant.) and then just move in to a true rental in the same neighborhood.  

Mr Tenant, Im very excited about the opportunity to be your landlord and provide better service then you've experienced in the past" (side note it helps if you've already demonstrated your increased service) "As you know the renewal time is coming up quickly.

Renting an AirBnB usually is a better deal for them than a hotel because they get a whole house for around the same price or cheaper. 

Right now, the buy-in is so high in NJ, they are locking up deals at prices that aren't sustainable and chasing spreads that are way too big.