I could move out and rent, but dont know where I would go to pay a lower monthly rate the I currently pay. 

Is it feasible to be cash positive considering the high interest rates?

Rent rates are about the same.

Thanks Joey, you can do a rate rate and term refinance up to 80% of the as-is value on your property.

  * Water- if you are not billing it back to the residents most utilities have a base rate then a usage charge over the base usage allowance. 

Overlooking the finer details can result in negative reviews and lower booking rates.3.

The average rent rate is $1,300/mo. 

That’s step 1. step 2 - contact a local commercial broker and ask what the avg cap rate is in the area for SS units. step 3 - use the cap rate the broker provided and the NOI from the docs the seller gave you. 

I would only consider this if they can demonstrate they are a professional company with a long history (operating 5+ years would be my standard), and if they are willing to make it financially beneficial to you (higher rent rate, they handle maintenance, etc.).There are a lot of "businesses" that started recently that have no real experience, meaning they've only operated in a strong market.

I secured financing for my first property through a conventional 30-year fixed-rate loan, securing a favorable interest rate for stable and predictable long-term payments.