The 6% vacancy rate is a good estimate, but local market fluctuations could affect rent.The HML terms (11.95% with 3 points) are high, so ensure a clear timeline for refinancing to minimize interest costs.

Market Fluctuations: The rental market can fluctuate, and there could be times when finding good tenants is more challenging.3.

The only figure I can’t determine is the monthly mortgage because interests fluctuate and the down payment.

The key is to analyze occupancy rates, seasonal fluctuations, and what type of properties perform best.

Xeriscaping (low-water landscaping) is increasingly mandated in many HOAs, and buyers are scrutinizing water-hungry features like traditional lawns.Rising Construction CostsMaterial costs have fluctuated significantly, and labor remains tight in the Phoenix construction market.

Key risks in the BRRR 2.0 strategy include construction delays, cost overruns, market fluctuations, and difficulty refinancing if the property doesn't appraise as expected.

A HELOC offers flexibility and interest-only payments but can be risky with rate fluctuations.

It could provide valuable insight into timing your refinances strategically across 3, 5, 7, or 10-year terms to hedge against market fluctuations and avoid unnecessary risk.

Also, factor in local regulations, HOA rules, and seasonality, as STR markets fluctuate.

I have used both TSP loan and HELOC to purchase investment...I certainly thought the ROI from real estate was better than relying on highly fluctuating stock market.