So once the contract is up you'd be within your right to increase to market rent. 

(Looks like the potential for unseen problems will sink this deal, so the cost of demo may not be relevant any more.)YES @scottmac100.

Going back to my inquiry,  if we move into a next primary, our cost will remain the same. 

Texas is a great state to hang up your license and with property values increasing and rates on the edge of a breaking point. 

- One operator said their data showed slow interest in applications Q1, uptick April/May that also is being accompanied by FICO rate increase.- Insurance costs are the biggest issue for investors, rates could be higher for a lot longer.

We will renovate the fix up the first floor additional dwelling and plan to rent it out as a STR for the rest of 1st year to maximize the return of our renovation expense against our W2 taxes via the Cost Seg / Bonus Depreciation.

Since Detroit seems to be a subtopic in this thread, here's an actual historical population chart showing a slight recent pop increase of 0.2% for current 2024.

Also, you are typically allowed 2% from seller concessions from your lender, and potentially even more, which can help with closing costs.

The shorter the prepayment term has an impact on increasing the rate.4.

Enjoy the increased cashflow and look for ways to house hack so you can reduce or eliminate your housing expense which is one of the largest expenses anyone has.Imagine a lifestyle where most of your personal debt is paid off, you have reduced or eliminated your housing expense and now have the cashflow to focus on making your money work harder for you through real estate investing and maybe can free up some more time to do that now that you have reduced your living expenses and can work less.To your success!