One of the properties comes with an HOA restriction against renting, there are exceptions that one can apply for but it is a drawn out process.Also, I believe there is going to be perhaps further softening in the market and its good to have cash on hand.

So what if I get the seller to cover all closing cost except the down payment (I put 3.5% down) including a rate buydown to maybe 4% or 5% rate (currently locked at 6.125), plus the lock extension which he agreed to today.

This is actually a timely discussion as I have a number of acquisitions that I’ve needed to fill this fall.I haven’t done anything different except wait longer for the right tenant.

Once again though, there are exceptions out there.If you are interested in going over options, shoot me a DM!

A better calculation for your property is IRR …IRR is calculated using the same concept as net present value (NPV), except it sets the NPV equal to zero.

You don't need any money to your name, except gas money

There are quite a few markets where 1% is unachievable (California is a prime example, except for pockets).

No exceptions."

The months supply rose for each type of home except higher-priced condos.

Honor their pricing and you will have exceptional reviews.If they can not rebook, I would still honor their booking.