. $80k will net you $1200/mo.That said I am of the opinion that rent rates (up significantly since Covid) are plateauing, I don't expect to see them climb significantly higher.Regardless, factor my position of being a cash-in-hand personality who doesn't much care if the hype is telling us to buy-buy-buy or run for the hills.

If they were to sell it on the market at a higher price and interest rate the numbers would not pencil out for me to rent it out. 

We are taking a cash out loan on my primary residence since the rate is over 1.25% lower.

@Joseph Mulero congratulations on your first house-hack, and the excellent accumulation rate! 

Haven't purchased anything recently due to inflated prices/ high interest rates.

Portfolio loans tend to have increased fees and interest rates along with a partial release clause that could potentially restrict you from selling one of the properties included in the package. 

The granite was cheap - around $300 for an 8' x 25" slab, which I cut and finished myself.

Aking Price : $2.3 millionProperty TypeMultifamilySubtypeApartment BuildingNet Rentable (sq ft)13,400Cap Rate6.11%Pro-Forma Cap Rate 6.70%NOI $140,615Units17Year Built192813 1Bed/1Bath And 4 2Bed/1Bath Unitsin New Jerseyappreciate you thoughtsthanks 

This way you do not have to refinance as soon to recoup your initial capital.I mention a 60/40 split because rates usually do not get any better if you put 50% down versus 40% so it might make sense to save a little.

They can have a month to month now at a much higher rate or a lease that renews until whatever month you think makes sense for you with a significant lease break fee.