If you find a property that fits your needs and the market is favorable, waiting for a potential rate drop might not be worth the risk.Personal Financial Situation: Your current financial health and readiness to purchase play a crucial role.

Quote from @Daniel Rabinov: Hey guys,I am looking into purchasing a new development pre construction condo in Miami that is STR approved for AirBNB.

Purchase price: $430,000 Short Term Rental

If the renovation cost makes the total purchase creep up very close to the new build, I think it's a no brainer. 

We planning on using our primary residences equity to make more purchases with a HELOC or HE loan.

They purchase properties, rehab, or build with the hope of increasing the value, and then find themselves holding onto these projects and renting them out when they can't find another suitable investment.

I am interested in purchasing some raw land that is zoned residential. 

If they are residential you will have less time from offer acceptance to close usually that in a commercial purchase.

Purchase price: $300,000 Cash invested: $65,000 Sale price: $455,000 This house needed a full renovation to compete in the challenging Austin, TX housing market.

A lot of these details will be lender specific - especially for bridge loans.