Days on market are less as well which shows me that demand is still very much there.With affordability and inflation playing the biggest factors into why a lot of buyers are settling with a condo or townhome to start in hopes of moving up to something bigger and better as the market continues to appreciate and trend upward.I fully anticapte the remainder of this year to be a very busy one with a lot of buyers entering back into the market with talks of rates coming down in the Spring.

At this time, I believe they are accepting new properties in FL, but the rate may be high.

@Baahir Starkey the easy days of low rates allowing a beginning investor to pick a property on the MLS and have it cashflow are over for now.Now, investors have to do lot of research and pursue motivated sellers, willing to take less than their property is worth. 

, and I take a closer look at my home market of Nashville.Today’s Interest Rate: 7.46%(👇 .42%!

Credit is 800+.I have ~$120k in an inherited IRA that I could liquidate as well, but would prefer not to if at all possible.House #3 is least priority and could be used to offset the cost of the buyout on #1, but it cashflows so if I can keep it that would be great.I know it's a tough rate climate, but I'm looking for any creative options, and lenders who operate in all three markets that could help streamline the process. 

You're not obligated to select one, but it will give you an idea of the going rates.

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000. 

Competitive rates and a good track record of finding long term tenants.

Why not just do a promissory note with a set interest rate for a set number of years.

Thanks for your insight.BenThere is no.market for this in Canada as far as I'm aware of, particularly since the default rate is so low (<0.5%).