I've seen many poor investments made with single digit cap rates and even negative cash flows in hopes of getting great appreciation. 

well at this rate they will get this stuff cleaned up.. now is the time to purchase one of those for a deep discount :).. 

His mortgage with a 7% interest rate came out to be $2,200.

I have a home I am wanting to sell that has a great interest rate with a conventional loan. 

@Jeremy BourgeoisYou couldAlso refinance it from another lenderDon’t assume they will extend it as they could sell the note - or they also could increase the interest rate to whatever they want as they have you by the you know whatI would look to partner with someone on developing it

Current cash flow is $557/MO - Cap Rate 6.9% and COC 18%.Does this sound like a great opportunity?

So I'm going through DSCR because of LLC purposes and I know the interest rates are higher than normal, with my credit about 7.2% hopefully ngl haven't confirmed.

Knoxville has a big upside for sure so holding it, especially with that rate is quite enticing.

I get a Landlord policy and pay a higher rate while they are vacant.If you have major structural work to do then get builders risk insurance, otherwise just hire licensed and insured workers for cosmetic work.

I'm not looking to refinance my NJ property because I have a great interest rate.