But to have that kind of interest rate and still be a negative performer is a big red flag when you can take a bunch of profit off the table right now tax free.The idea is to make the greatest return and cash flow with the least amount of risk. 

@Dennis Mannon I've got access right now to a condo under 100k that would perform well as a short term rental.

We have experience managing our own and other people's STRs, so we know we can make this perform well over time.

There are a number of expenses (in addition to the mortgage) that you will need to cover plus all of the time and there most likely will be future repairs and maintenance that you will have to perform as well.

You will either have an angry tenant stuck there or a tenant who simply moves out and you have to go after for performance of the lease.

That puts you in a much better position to grow more and faster.The only time I think arbitrage is OK is when you have already built up a performing portfolio and want to try a revenue stream that is different.

., splitting charges made orreceived for settlement services, except for services actually performed, in connection withfederally related mortgage loan transactions. 12 USC § 2607(b); 12 CFR § 1024.14(c)."

Really Feel like I/we have nailed down that best balance of Price/Roi/location here in Metro Detroit My rental portfolio is here and performs extremely well with minimal headaches.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)Basically 1.2-1.4% dealsWe have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

In the meantime, I am getting a 3 day notice to perform ready to post on site, and mail Thursday if no progress has been made.  

An important consideration in whether to perform the rehab work yourself is how much time are you losing by doing the renovations yourself versus hiring it out.