I am looking to buy a property in SLC Utah that i would want to try and run as a STR to help offset the cost.

They use leverage in some of their funds, which can increase returns, especially if they have a low cost of capital (but potentially increase risk and trigger UBIT issues).

For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.

I think it depends on the area and insurance costs.

I know that if a cost seg, l would need to back that out of my California return.Your answer seems to confirm what I suspected.

I had a client who kept waiting for a better rate, only to see it jump 0.5% overnight costing him thousands.

Some even offer preferred interest rates as low as 5.75% at no cost to you. 

be sure to stick to your 70% rule for the flip, know your numbers. run everything conservatively. overbudget for time and costs but 15-20% Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

It appraised for $201,000 the other month and I put $103,000 in my pocket after closing costs and paying off the old note.I wish I had about 20 more of those...

If I sell the property for 130K, after assciated closing costs, I will basically break even.