You are looking to get out of an ARM because the rate may go up. Right

I can't stand yard work.Spending time with family and friends is high on my list.If people want to rehab houses themselves to give a sense of accomplishment that is great.Mine is running my commercial real estate business, martial arts, and my exercise.

I will go set that up right now!

Vacancies happen, markets turn sour, competition can pop up right across the street.

"you don't literally make any money until you sell" discussion reminds me of a guy I studied martial arts with for about 10 years.

Self managing 5 - 150k houses, I think would be more like 40 hours/year if you set things up right.

If not, I can certainly confirm it is locked up, right?

I mean breakeven after the 50% rule is applied, with the new debt service already in play (assuming the financing is obtained.)My thoughts are, since I've just done the rehab, the chance of something unexpected coming up right away would be "slim."

I have multi families that were bought in the mid 2000s that were break even at best.I thought no problem values have to go up, right?

Being a former submariner, life long martial artist, top secret security clearance, sharp shooter, hell I thought perfect fit.Woe and behold I get a Conditional letter of Offer.