Hi All, I have a small rental house in the phoenix area that needs minor repairs, roof patch,  replace outside door etc.

I run a STR in Detroit and it does very well.

I have not been through an 08' situation, but I can say in confidence you want $10-15k in reserves PER door if you want survive an economic downfall.

🫣✨Seems like this could be worth pursuing but so far, I've run into a few snags.

I want to be clear "arbitrage" is NOT investing, but running a hospitality business.

Rates just dropped Monday after a bad 2 weeks so its a good time to pull the trigger.Multifamily rentals pay off in the loan run so its never a bad investment on a cash flowing property that will debt service itself and grow in equity. 

. - NOW, run your draft plan by a CFP or three. 

Don't forget to keep yourself updated on local rental laws, landlord-tenant regulations, and market trends in order to run a successful rental business.

I hate when thing come up after the fact and mess up a smooth running plan. 

Hi Ethan,Run numbers on both scenarios and see which one has a better return on your investment for what your goals are.