Assuming the loan is the same process as originating a new loan.

I am today years old in terms of this forum and it's already provided a wealth of super useful information.

.% of Original List Price Received: Sellers received 96% of their original list prices, down slightly from last year.

.% of Original List Price Received: Sellers received 97% of their original list prices, the same as last year.

Places like Maplewood, Richmond Heights, Affton, etc. would be where I would start (if looking at long term rentals).

I currently own one side-by-side duplex in Euclid (purchased end of 2022), and am looking to eventually buy more rental properties, and possibly get into medium term rentals.

Others differences that jump out: loan parameters are stiffer (usually 20 terms on a mortgage instead of 30 year), commercial insurance will be more expensive, appraisals will cost a good bit more.

Long term friendships with local realtors How did you finance this deal?

There are many ways to avoid taxes, so nobody can give you a complete answer without knowing your entire tax situation.If your only taxable item was selling this condo, you would owe long-term capital gains on the $150,000 plus ordinary income on depreciation recapture.

.% of Original List Price Received: Sellers received 95% of their original list prices, down slightly from last year.