The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.

Do they want longer term holds, targeting cash flow or appreciation?

Granted the terms I offer a lot of the time aren’t amazing (they have very low interest rates), but that’s the only way I can make deals work.

So far I haven't had any issues with these tenants - they're either high income earners or long term tenants who take care of the units.

Assuming that no debt is involved, Is paying that cost necessarily better than paying the tax on your long term capital gain in the property?

I have rented my properties by room while I live there and turned them into long term traditional rentals at move out.

I'm still finding some solid BRRRR opportunities in the Cleveland market, but Vadim is right that you need to find a property that is priced under value without extension repairs needed, hopefully only cosmetic stuff, but they're still out there!

Does anyone have a good cleaner for STR property in St Augustine Beach area that they would be willing to share. I’m also looking for an on call handyman.

To build long term wealth he can buy into REITs or syndications.

Hi Todd, I have not heard of that one yet, but I like the term flip to freedom!