I had similar thoughts as to why they would want to take over payments on a brand new mortgage at a high rate.

We are in a constricted market cycle, low volume, strained budgets, high costs.

If you’re below $275K, focus on high-impact upgrades like improving curb appeal (landscaping, fresh paint), refreshing the kitchen and bathrooms (new hardware, lighting), or adding energy-efficient features (smart thermostats, LED lighting).

.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

-You don't really know how high of a price you will net unless you go to the open market.

Also, if you need a quality GC in the Charlotte and surrounding area please reach out!

I got the Discover It Secured card in high school and used that to build up my credit. 

Could be a business decision based on keeping long-term high quality tenants rather than risk the costs on turnover. 

High praise coming from you Steve.

I highly recommend interviewing multiple contractors and ask them for references.