Buying subject to existing mortgage (AKA "sub2") - Find a motivated seller with a mortgage.

It will increase tax rates on STRs from residential to commercial, so from 6% to 28%. 

It's crucial to look beyond just the lowest rate offered on a verbal or preliminary basis.

The only way to know for sure is to try different ones and track your response/deal rates. 

I am currently in a very high interest hard money mortgage that balloons in September 2025.

Without knowing much about the project you're looking at, that's where I'd look in the modelThank you, still going through with fake numbers and entry/exit cap rates to make sure the formulas work correctly.

I want to get them at a price where the projected rent will cover all my expenses (mortgage, insurance, repairs, CAPEX, vacancy) plus extra.

On the other hand, sometimes it irks me when I book a 5 star rated place and it's disgusting inside and the beds are awful.

Why am I getting 3 different answers from 3 different mortgage calculators?

I've been with an insurance company in CT, since I started my rental portfolio, but am looking for other options as it seems their rates have been going up and up.