This allows you to hit the high season at full speed and like you said, refinance your payment as rates soften next year! 

This is a challenging case, because it does feel as though you are dmaned if you do and damned if you do not - Carlos, I really like your thought approach, you do not give the necessary capital call you are 90% risk of losing, you give the capital call you slightly lower chance of losing - but still feels like a tough hill to climb Our team at Smartland purchased all heavy value add through-out the same time period, large multifamily - we went into with a strong basis an arsenal of capital to do the construction work and kept one focus, get through the business plan, renovate the units, but this had to be done in a very high velocity as fast as the interest rates were rising, we felt the need to press hard on the construction gas and work through units  - so if we were faced with this climate that we are in now and interest rates do not soften we would not be deep in construction but rather focused on  administrative costs controls and lease-up.

Tenant now requests a water softener (we live in a very hard water area) due to clothes not being clean, stains, etc.

For instance I was seeing insane growth and development in pasco county, wesley chapel areas outside of tampa, and actually had a hell of a time finding industrial space in Bradenton FL, so at least on the commercial side of things from my limited experience there didn't seem to be a down turn or softening, so its so interesting to here your take on your local market there as well.  

However, we can see that the increase in listing inventory may have caused prices to soften as the summer progressed.

Also the market has softened and it take longer to fill vacancies.

He only pays $325/month.For people interested in the numbers:Purchase Price: $250,000Rents when fully occupied are $5,500/month (most units rent for $175/week) My monthly expenses are roughly $2000/month (working on lowering this buy buying the Water softener isnt of rent, switching the internet/cable company, and adding insulation in roof to lower my utility bills)The best way to get started is to just get started, I dont have all the answers but it seemed like a good deal and a great learning experience! 

Beyond these projects, there’s extensive mixed-use and large-scale development happening all across the metro area, both in urban and suburban zones.Given Kansas City's comparatively low market prices (compared to the national average), there's little concern about substantial price softening.

My timeline is probably 1-2 years as I believe the market is softening right now, especially with the high rates.I have two questions: - Is it a terrible idea to actually buy a Condo/Townhome as a primary?

Selling your rental property for a big gain can lead to a significant tax bill, but there are ways to soften the blow.To reduce your 2024 taxable income, consider selling any underperforming investments to offset gains with losses.