Not to mention you can refinance in 12-24 months when rates are back down again.Biggest take away is 85% of borrowers who take out a Heloc refinance it in 3-5 years to consolidate into one mortgage...

There are a multitude of reasons why but what it came down to was that LTRs would make the same amount as STRs with less work.

We try to break that down as much as possible through density and mostly urban infill.

Also open to any creative ideas around loans with less than 7% rate for a 2nd property. (20% down)https://www.zillow.com/homedetails/4-Fifth-Avenue-York-ME-03...

That should help with the resale value down the road.

Don’t forget ROI includes debt pay down so it has to include the principle portion of the loan payment as ROI, I don’t see that listed?

(Sub-partial walls need torn down.

Anyone interested in sharing notes, deals, connections, learnings I’d be more than happy to meetup virtually or personally.CheersRod Miami as the rest of FL is heading for a correction, be very careful, 

You could possibly apply more down for your escrow deposit to show your ready to commit to the transaction and not just a few thousand to tie down the deal. 

I would definitely be building a team of lawyers, other investors and everyone else that could contribute but this would most likely be further down the road in my career.