Trust me on this one, just take a look at the skyrocketing insurance rates in those regions.

I'm finding some listings on a popular realtor mls listing site (not sure if I'm allowed to say which one here)  that have a box on the listing which states "Assumable Mortgage" and has a "learn how" button, when I click on the button it says: "This home has an assumable mortgage"  and it lists the current average interest interest rate for April 2024 (7.00) for a new loan vs.  

Full article link: https://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...After a decade of relative stability in mortgage rates, the last few years have seen unprecedented volatility and changes in mortgage rates.

Even if it's not going to be your full-time job, but you would like it to be, side hustle devalues the impact it can have and the work needed to be successful.

Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.  

After this additional deposit, your security deposit balance will be $Y.Even after this increase, I know your monthly rate is still well below the average market rent for 1-bedroom apartments in [CITY].

PP is $250k, with a fixed 7.7% interest rate for 30yrs.

My team has helped many investors find house hack opportunities in Texas either through purchasing a duplex, triplex, or 4plex even in today's market where rates are higher than we'd like. 

They offer various loan terms and competitive interest rates.

So for example a property you buy for $500,000 with a $300,000 assumable mortgage note with an interest rate of 5%.