Pete that is currently rented out to long term tenants paying below market rental rates.

It's just the reality of the market with higher rates and prices that refuse to reflect it.

With conventional mortgage rates hovering around 7% for 30 years… cash flow basically happens at 6.5% cap rate and above.

It takes in account just about everything to give you a livability score.https://www.areavibes.com/Here is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Good evening @Ling Chen,Out of state investing gives you higher cap rates and better COC returns than NYC.

All of the sellers willing to finance seem to be looking for around 5 year terms with interest rates above 5%.

Just like most markets in America, STRs are returning to pre-Covid occupancy rates and most people have no experience what that looks like because they entered STR investing during and since COVID.

It will depend on interest rates. 

Fill up the lower marginal tax rates with Roth conversion income.

Running your numbers based off a short term rental or medium term rental rate is going to get you in trouble.