Hi, I am actively looking and putting offers for my first rental property, I just saw a townhome that I like from the 70's that needs some rehab, and a few blocks from it there is new development offering same type of units (a bit bigger) 10% more expensive with delivery lead times of 6 months.

This started a few months ago.

I get my increase sooner and lock them in for a fresh 12 month period. 

Where it really accelerates is if you typically don't spend all your monthly earnings and you have money left off after all monthly expenses and that money stays in the HELOC.

I've done it both on Air BnB and by going direct, with a 30 day min stay, averaging out to be about 3-6 months each guest.

It was roughly a month ago.  

I agree with just about everyone above that the price should be either discussed upfront or in the engagement letter before services began.It's different to know how much they saved you because tax preparation typically isn't a service to save you taxes, you'll want to meet with them during the year for this.

Here are some data points below from the past month:🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 6.63%30-year VA rate today is 6.20%💰 Median Sales Price:May: $475,995June: $485,000July: $487,483📈 New Listings:May: 2,141June: 1,920July: 2,032📅 Median Days on Market Until Sale:May: 12June: 13July: 14📦 Months Supply of Inventory:May: 2.4June: 2.3July: 2.6

Here are our mortgages and a snapshot of each one1) Primary residence: 6.2%, $2,240/month (29 years left)2)First rental: 3.2%, $1,440/month ($500 CF, 10 years left)3) Second rental: 7.2%, $2,100/month ($300 CF, 30 years left)4) Save another 20% for another investment home.

Would appreciate feedback/thoughts on next steps on Sell vs Rental approach.Looking at the very high monthly exp/rev ratio, it seems I should sell, but want to make sure I'm exploring all options.