This doesn't make sense because there are so may costs to refinancing a property that, when you do the math, depending on how much your property is actually worth, the monthly improvement in cashflow does not substantiate the costs to refinance. 

For those just starting, investing in rental properties may offer a more substantial financial growth pathway through cash flow, tax benefits, and mortgage pay-down facilitated by tenants.In contrast, areas with more favorable rent-to-value ratios (like some parts of the Midwest) might make buying a primary residence a sensible start. 

If you decide to invest out of state do a LOT of research to substantiate your decision compared to what you can find either locally or within a few hours drive of where you are.

Previous condition: water damage, substantial rehab.Rehab cost:90k- Oakland Single family, comp: 600k ; listing fo 325k.

All great responses to your question, and completely agree with everyone above.I have 2 properties in HOAs and the barrier to entry was substantially lower in my market than a single family home not in an HOA.

Inventory is now very substantially above the extreme lows seen in recent years, when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed rate mortgage is sitting around 7.1% interest, which is down a bit from last month, but still well above where we began 2024.

That $3k per month will add up substantially over time. 

This resulted in a substantial $2500 reduction in the sale price.

Unless it will have substantially less maintenance.

The basis of depreciation for Property B will be the lesser of the Fair Market Value of the property on the date it was placed in service OR the cost of the property (plus any additions and improvements -- not repairs, but substantial improvements, such as additions or renovations).