The most obvious is that you will be able to offset your mortgage with renting out a few rooms.

Fix n flip is a quick turnaround interest only loan for a term of 6 to 24 months  The BRRR method is used for buy, rehab, rent and repeat with a more conventional mortgage structure.

Without boring you with our analysis, at a 50% occupancy rate it would net us about the same as renting it out long-term.  

Hi Paul, Dont forget to Research the current real estate market conditions in Suffolk County, including trends in property values, rental rates, vacancy rates, and demand for multifamily housing.

So we negotiated for a seller financing deal with very little down and a very low interest rate How did you finance this deal?

Are interest rates just too high now to buy a rental property?

The buyer is willing to offer $50k for the property as part of a seller financing deal with a chunk paid at the beginning and the remaining amount spread across 5 years and after which, the buyer will refinance and take over the mortgage.

That's the right question.Most think lower rates= immediately high asset prices.

What are the vacancy rates in the area according to AirDNA?

I’m thinking about luxury condos for short term rentals since I’d occasionally want to have a place I can use for myself.With mortgage rates so high and HOA fees for many of these buildings at around $1k a month, it seems like investing in a condo in Miami is more of a game of price speculation.