Despite mortgage rates being double what they were two years ago, the overall borrowing environment remains favorable for state and local entities.Key initiatives driving this surge include efforts by entities like the Michigan State Housing Development Authority, which recently launched a $425 million bond sale aimed at providing affordable mortgages to over 2,700 families.

This saves time and hassle for everyone involved, including your realtor.

It's essential to recognize that mortgage rates are influenced by a myriad of factors beyond the Federal Funds rate, including Treasury bonds, GDP, unemployment, housing demand, and inflation.

A strong financial strategy is necessary, and it should include a budget for moving costs, property acquisition costs, renovations, and any vacancies.

He explains enough that its compelling, creating flexible pricing strategy to drive your calendar to maximum revenue and occupancy BOTH at the same time (which some say is impossible, but it is possible) I know of Rob too but yes compared to Sean he is a beginner.

That said, through conversations with brokers in the area (and evidenced in the comps I’ve created) I’ve learned that this strategy may be slightly outdated as most properties are currently at market rents given the current rental environment, expenses aren’t a realistic lever to rely on to add value, and there is a real risk I get priced out of the market by buyers with cash, 1031 exchanges, and with longer term hold strategies willing to pay an extra $10-20k per key.

I overlooked including these details on Schedule E when I initially filed my taxes.Any guidance on these matters would be greatly appreciated.

There should be an "entry fee" that you are marketing to the buyers, and that entry fee should include closing costs, down payment to seller and your assignment fee.

This would be something around 1200 square feet and probably cost $150 a square foot not including the lot. 

If you don't mind, include the size of portfolio and avg cash flow you look for in a deal.Thanks so much.