You will pay half of the extra 5% in  additional upfront fees not to mention the rate being higher as well.

But considering my interest rate of 6.625%, I'm wondering if it makes sense to pay it towards the mortgage now.

From what I can tell, the Airbnb occupancy rate is so low compared to CA market.

For those using GPTs, I have created a GPT to calculate and explain cash flow, ROI, cap rate, IRR, and cash on cash return.

“Ideally we would like to sign a longer term lease and it would be incredible if we could do it at a reduced rate” please keep in mind this tenant have asked multiple times in the past that want to purchase this property and we have said ‘no’. 

What til rates/prices drop to refi? 

Due to the current high interest rates and prices, many investors are choosing to increase their down payment to ensure a positive cash flow even in the not so "nice" areas and plan to refinance in the future.

My current rent is $2300 at my apartment and I'm assuming the $2300-$2500 liability will be consistent in this property given the Purchase price, interest rate, and including rental income of $2000-$2200 of the other unit.

I know other hard money lenders who can do them, but you will be paying +6% higher interest rates on the debt than an average hard money deal.If you go forward with a deal, I would get an SFR with a lipstick rehab.

This could be reduced to 2.9% by removing the 1 point and paying a higher rate.