If a $100 increase in rent is feasible without risking losing your excellent tenant, it could improve the property's cash flow.Evaluate Loan Terms: Your adjustable-rate mortgage with a high interest rate is a significant consideration.

Does resent comparable sales impact office values in same building at all or we only need to look at CAP rates and determine the value based on CAP rates alone?

If you are ready, you may pick it up cheap.

6.2% in "loan costs" and a 9.875% rate?

I'm not telling you NOT to improve/upgrade the property, but I'd exhaust all free/cheap options to market it as-is first.

How do you change your rate based on your market and the vacancy status of your listing.

Plus you have to keep in mind that we are in a climate where interest rates are very likely to start trending downwards, maybe that's worth waiting a bit longer than you otherwise might to pay yourselves in dividends in the future.Surprising that only 20% of homes have a bathtub as I think of them as a necessity personally.

Great job and population growth, very low crime rate, super low property taxes, very land lord friendly and the list just goes on!

Low rates, cover $20K plus, low deductibles.

Also with where the rates are these days, interest-only really doesn’t save you much monthly unless you have a very large loan amount.