Maybe wouldn’t be in the banks intrest as rate are falling but what about in the environment that we are in when rates are going up.

With this, I could essentially charge a flat rate for electric to the units.

On a cursory review, it appears that your cost of debt exceeds your capitalization rate, suggesting negative cash flow.

I've been investing there since 2019 and my strategy hasn't changed at all, even with rates the way they are now.The midwest has a lot of good options right now.

To mitigate this, I've devised a plan that involves leveraging my primary residence.I've been residing in my current home for the past five years, which I secured at a very favorable interest rate.

My concern is being able to sell the properties in today's high interest rate environment. 

So yes, its very possible to use a conventional loan to buy an investment property...but you aren't going to get owner occupant rates/terms.

You can use this to:* See how your listing is doing over time* Compare your listing vs your competition - daily rate - occupancy, etc.* And for low performing properties one of the features i really like is you can make a change to your listing - lets say update the property description, log it, then see if this makes any chances in your placement.I'm not affiliated with them but think its a great tool to turn around poor performing properties - assuming the STR is competitive compared to your competition.I agree with Henry that you can probably do better self-managing IF you have the time and appetite for dealing with guests and learning the dos and don't....Heres is the turnaround of one of our Floridas STR that was lagging - now back to near the top on the first page.  

As for the electric heating bill baseboard electric is expensive and I know RI energy jacked their rates so you can't be much different.

Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business)  , experian score 630  1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.