The desire to have a second home/Airbnb property in the beautiful state offsets the modest returns we're seeing now due to higher interest rates and taxes. 

His current monthly Payment Breakdown:- Principal: $314.66- Interest (3.875% rate): $578.779- Escrow: $700.79-TOTAL monthly payment: $1,594.24Estimated rental income: $1.2k - $1.6k per month.Would love to somehow capitalize on the existing fixed rate, but at his current monthly payment and the estimated rent it doesn't seem like a great opportunity for cash flow.

With a $5,950,000 asking price and only a 5.05% cap rate, after just calculating the value, the property is over priced by over $2 million!!!

If you are going to keep a tenant that is difficult, at least charge them market rates!

Our concern with this is that our current primary is across from the best school in our area on a cul-de-sac lot and we feel it will continue to grow at a high rate and don’t want to miss out on that. 

Remember, you are demanding these funds from the county or state.

Or would this make more sense to rehab and flip if i'm going to go out and get such funding? 

We personally fund rural deals all the time -- unfortunately, we don't lend in Minnesota.

Hi Brad, I'm from the Hospitable.com team (a top-rated short-term rental property management software) and we had a great webinar on taxes a couple of months ago - I recommend checking it out here.

Now I see that county posted list of exceeded funds and for this property there is $20k-$5k= $15k remaining balance and bidder can claim.