With today's mortgage rates a 30 year mortgage doesn't even work! 

Most focus on the fees and management rates but the most critical part of any PM agreement is the authorized agency that's created to act on your behalf and there may have been protocols that have to be followed in order to supersede what's in the agency agreement.

My goal is to put it into an investment that will depreciate enough in the first year to cover taxes at ordinary income rate on 300k. 

Hi Avery, Here are some important questions to ask a lender before deciding to work with them on a BRRRR project:Loan Terms: What are the loan terms, including interest rate, loan amount, LTV, and any points or fees?

When making investment choices, look into job opportunities, population changes, school ratings, amenities, and rental needs.

There might be some other creative loan products that are available to you so having a good lender can help reduce the monthly payments until the rents increase or you can refinance at a lower rate. 

What do you think about how to determine rates and cleaning fees ect? 

The interest rates are high now.

He doesn’t necessarily go into the nuance of mill rates on every video but breaks down how to use it.

So my discount needed to do a 15 with rates at 7.2% today would be .86%.