Why sell if your rate on the house is good and you could have two cash-flowing rentals there, the main unit and the basement unit?

Cash flow will increase when/if rates drop.2.

Today’s Interest Rate: 7.02%(☝️ .04%, from this time last week, 30-yr mortgage)Good News Day!

If you purchase a property, many of the costs on the closing statement are added to your basis.There may be some items that are eligible for an immediate write off such as pro-rated taxes, interest, insurance and hoa dues.

we are building a building just like this in Columbus Ohio except vertical. we added kitchens and all studios and common commercial and mixed it in. multifamily is much easier to finance. we got a similar valuation. we don't have to buy 1 million dollars worth of furniture either. apartment hotels are what some people call them but we are underwriting affordable housing. we copied the hotel development rezoning applications in our market but went for multifamily and I had it underwritten at 15 million and we just had the number one debt placement broker look at it and appraise it for 20 million because they added a tax abatement. hotel development works because of the nightly rate and higher occupancy and no kitchens in every unit.

I tried borrowing the book from my local library, but their copy had already "lost" the CD, so no success there. 

My guess is at current interest rates and building costs, the numbers won't make sense.Are you in the STR zone I guess? 

Thanks  I just did a decent-to-successful BRRR in Kyle, TX.

People are always wanting to share success stories or failures to help teach someone. 

There are many different pockets and neighborhoods that investors are finding success in.