I’ve had some push back concerning cash flow in the deal supporting the new mortgage amount.

I also have a $2000 a month child support order on my record and a $580 car note.

Now that home prices have stabilized, every month you hold a NPL it becomes less valuable because homes are not appreciating and time costs money, as well as additional incurred expenses like servicing, FPI, legal etc.

@Philip PreskenisSo is your plan to just buy & hold because it doesn't make sense to BRRRR because it's already in good condition? 

Bay area could support that as most SFR landlords here are high earning techies.  

I am currently lurking often and reading/learning as much as I can about real estate investing, specifically buy-and-holds.

It can actually be riskier (investment wise) as you are not getting a traditional check every month, but added responsibility that you will hold onto the lump sum throughout the 3 month tenancy to accommodate for repairs, mortgage payments etc... 

I haven't used hard money, but I hear there is no holding duration requirement; some traditional loans require you to hold it for 6 months or 1 year. 

Buy and hold - utilize sweat equity tobuild a primary residence for my wife and I and build an ADU to offset the cost of ownership.  

For the "buy and hold" investors: How are rising interest rates affecting your approach to new properties?