Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 6.61%30-year VA rate today is 6.14% Median Sales Price:July: $487,483August: $480,000Sept: $490,000 New Listings:July: 2,068August: 2,198Sept: 1,910 Median Days on Market Until Sale:July: 14August: 16Sept: 20 Months Supply of Inventory:July: 2.8August: 3.1Sept: 3.1 What does "Months Supply of Inventory" mean?

It has stayed occupied with tenants since i purchased, i love how it is completely hands off as well and i don't have to do any management and still get great returns. 

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.House-hacking your residence is a great way to get your foot in the door of investing.

Its great to connect with multiple lenders and see which one offers the best rates & service for your specific scenario.

If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.

It sounds like a solid property with great potential, especially given the Miami market.

When rates went up from epic lows, it would be impossible to achieve that.

Any other ideas are greatly appreciated.

There is a great group of members on here to connect with.

Hello Everyone,My name is Carlene and I am a new real estate investor interested in brrrr method of investing.