Inflationary pressures, rising interest rates and property taxes are just a few of the headwinds multi-unit property owners experience in a fluctuating market cycle.

Take into consideration that for this first property I will be using a 203k loan to roll renovations into the mortgage.

So I will leave the great state of Texas to Y'all    LOL.... rising tide raises all ships.. and that's exactly what I talk about that has happened to me in Charleston and Portandia..

I'd be happy to have you join our market, Jacksonville is an up-and-coming city and I firmly believe that the rising tide lifts all ships.

If you have a cash offer a Fannie/Freddie backed loan will take this into consideration more.I would put the offer together for $75k and see what happens.

The property looks likes it needs considerable renovation inside, outside, and landscaping etc.What processes have you found successful in coordinating an estimate of rehab costs.I don’t know if I’m sitting on a gold mine or a dump.1.Should I be scheduling a time to meet the realtor and a GC at the same time?

Don't wait to get started though, the market is hot right now but that doesn't mean it'll cool off anytime soon, it could continue to rise for many more years.

It will be interesting to see what happens to homeowners and investors with adjustable rate mortgages and HELOCS on their properties as those rates rise with inflation over the next cycle.I can remember in the early 80s when mortages were being sold at rates higher than 15% and you could get bank CDs earning 10 and 12 percent interest.  

Dramatic rise in interest rates. 

That said, a lot of market the B and Cs are priced very high too so potentially rising cap rates and slowing rent increases have to be factored into for any exit strategies.