It's not unusual to have tenants paying $800 pm what would be a $2000 plus market rate unit.TOPA in any of the jurisdictions that have it doesn't really concern me.

Right now I know the interest rate is high and all.

Interest rates are a bit higher than conventional loans, but definitely worth looking into.  

I am looking for one that:- provides checkbooks, and - pays a decent interest rate.

I know the sub 4% rate is attractive for multiple reasons but the Covid golden handcuffs are a problem for a lot of people.

Based on both of your posts I’ve done a little math and calculated I would have to charge $255 a night (at a 44% occupancy rate) to stand the smallest chance of making what would make this worth it to me.

Despite challenges such as higher mortgage rates and limited inventory, the market shows positive growth indicators.Property PricesHome prices in Birmingham are forecasted to rise steadily over the next six months.

Depending on the interest rate and points, this might require a broker.

Not sure if higher purchase prices/rates have created this boom or if it's that all the new supply of rentals in Chicago is aimed at top end luxury *$3000 1br type builds etc. but rents have shot up on the north side.

STR inventory in Pensacola exploded between 2020- and now which has driven down occupancy per unit and in some cases rates.