Cosmetic fixer upper, potential to build $100K-$150K equity between 2024 and 2026 (assuming market stays exactly the same with no increase or decrease in market pricing).June 2026: Listing both properties for sale and (if they sell at desired price points) seeing potentially 300K-400K profit (Between both locations) that we would not need to pay capital gains tax on.In any case, my wife and I are looking into this as next investment, but wanted to put on this forum to see what you all think? 

Know your financing conditions and interest rates if you're getting a loan for the property.Deduct all costs from the total rental income to determine your estimated monthly cash flow.

It looks like your state allows you to select a provider and shop for lower rates:

A buyer usually prefers new appliances included because they are getting rolled into their 30 year long term financing and even at current rates that is a lot cheaper than buying them later on a credit card. 

HI Zeek,The good thing about investing in the US is that you can have a fixed loan rate for 30years which is not common in SE Asia or other countries.

Study after study have shown that default rates skyrocket when the borrower/guarantor doesn't have adequate skin in the game.

But, it has a much higher success rate. 

If we were running a cap rate on these you'd have a worse return than just going and getting some CDs from your local bank and YOU would then have the fun of dealing with tenants paying less than 50% of market rates (assuming your numbers are correct).There's no deal to be had here unless you can bring her down significantly on her ask.

Revenues for Short Term Rentals in a lot of markets are way down this year, some well above a 20% decrease, the other thing to think about is do you even have the time/energy to do an STR?

We were just not looking to buy RE because the rate was lower than current market or the leverage was a little better that's a fools errand .