The debt: 7.10% rate FIXED for 10 years, 2 years interest only, 25 year AM.Thank you to all of our TEAM at The Stephan Group who will be involved to make this deal a HOME RUN play.

You may want to visit a few cities to get a feel for the different markets and meet local real estate professionals.

A mini-split will meet that requirement (as long as it's sized appropriately) whereas a window unit will not.

The only difference when you run your numbers is that your cash-on-cash return and your cap rate are the same since there is no leverage. 

What rate percentage drop would justify executing a refinance to lock in a lower interest rate in your professional opinion?

Quote from @Maureen McCann: Hi Pauline...Great to meet you here on BP.

Personally I would make a new listing on my own account and contact each guest asking them to rebook at the same rate on your new listing. 

Compare average rental rates to ensure the potential income will cover expenses and provide a good return on investment. 

#s based on duplex I’m being shown420,000, rate 6.25%Mortgage payment: 3271 + 225 HOA (increase $65 starting July) =3561Currently paying 1200 in rent + utilities.I know you’re going to scream at me for this.

As an update though, we did move ahead and were able to secure a 1X close construction loan that automatically converts to a 30-year fixed rate.