However, if your current interest rate is low, be aware you will be buying into a deal with much higher interest rate with today's rate.For your new purchase, you should be able to use a DSCR loan and get financing without income as long as credit is good.

So Doorvest is getting everything that produces a high return and you get the aspects of real estate investing that have low a return. 

Partner Driven and Traci Stephens recognized this as a low-risk deal with high potential for a rapid turnaround, making it a perfect addition to our portfolio.

Given it's in a very low population area, it may just be an extremely slow, low demand rental.

You'll definitely get the long term appreciation in the San Diego market since our supply levels remain low which helps to insulate our market here, but it will be hard to cash flow on immediately unless you use one of the above strategies I mentioned. 

I am just worried this might be a mistake as it as a high cash flowing property and my mortgage rate is a low 3.125%.

It's low risk and tax free on the gain.

Quote from @Bonnie Low: I'd sell if I were you. 1) I don't like HOAs and certainly not for STR or MTR 2) the numbers don't make sense for you to invest in a big kitchen/bath renovation 3) it doesn't look like it's appreciating very well.

You can afford to pay a bit more if rates cool down.We need to also remember that BRRRR become a really hot topic in a low interest environment.

Waiting gives you 0 traffic, which is worse than low traffic.