The market data is what it is, either good or bad based on your view. 6.

@Jaydon VanderslootIt is a smart move to get prequalified from many lenders as it enables you to evaluate your loan alternatives and choose the most suitable financing plan.

Alternatively, you COULD also refinance and use the equity to purchase something with more cashflow which would allow the deal to 'pencil' without leaving you in the red every month/year. 

Currently based in Madrid, Spain, I'm looking to invest in real estate in Miami.

We had an inspection done and and then negotiated the price down to $197,000 from $250,000 based on the fact we would allow my husband's step dad rent a room during ski season, the faulty roof, and other issues with the property.

Based on what I’m reading (2% rule, 50% rule), and the cost of property management companies; it seems better to just sell it for its current value of $550k and invest the equity.

Our political system is broken, democracy has reached it's limit in an ever increasinlgly complex world that is hard to understand for people, so they basically give up and just vote based on emotion and ideology.

@Jaime Powell - hey, we are based in the ATL, and I've closed several loans (fix/flip, rental, STR) in the Augusta market.  

Last but not least, based on the size of the home, I try to find other properties with the same "footprint" that may be "for sale" or have been "sold" which may give you an idea of what the subject property may look like. 

Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.