The high vacancy rates in apartment properties in Memphis may be due to economic fluctuations and demographic shifts; however, they create a favorable environment for potential renters to find affordable housing and for rental owners to innovate and improve their offerings, ultimately contributing to a more dynamic and resilient housing market.

With a $5,950,000 asking price and only a 5.05% cap rate, after just calculating the value, the property is over priced by over $2 million!!!

The latest rates and terms I have seen are for rates in the mid 6% to 7% range. 

Expecting brokers to inform you of the best purchase opportunities when you have no proof of funds, or pre qualification for funding 9.

I don’t want to lose my mort rate.

You could still get value out of the relationships.The best time to pay for coaching is after you have a small business going of your own and you want to scale it.

Here is a link to the Chicago rates/ rules https://www.chicago.gov/city/en/depts/doh/provdrs/landlords/...  

If you paid $300k and sell for $850k…If you owned it less than a year, $550k of regular income at full tax rates state and federal.

It is the best way to break into REI IMO.VA financing is about as good as it gets in the financing world right now; generally better terms and rates and you can take advantage of 0% down.

Only you can decide what's best for you, but for me a year usually feels like a good enough time to get a STR business off the ground.