The sooner, the betterIt’s a smart move if you want to boost cash flow and lower taxes this year.

Because my equity is high, my ROE is low, but seems to make a boost on ROE if I payoff the remaining mortgage, which surprised me.

East Tennessee home sales in August saw a healthy 2.1% increase over July, and a 7.4% increase over August 2024.The median sale price was $376,200 — up 3% from the previous year.Total housing inventory has increased 31.4% from the previous year.Half of the homes sold were under contract in 28 days or less, up from 20 days a year ago.39% of homes sold for the asking price or above, with 18.3% selling for more than the asking price. 7.9% sold for at least $10,000 over asking and 2.7% sold for at least $25,000 over asking price.5.5% of all homes sold in August sold for more than $1 million, a new high mark for the year.The sale-to-list price ratio lowered slightly to 98.6%, still up from 97.6% a year ago.New construction was 11.9% of total home sales.August sales saw a boost over July, outperforming the prior year and bringing the year-to-date total up by nearly 4%.

Hey @Nick Dewberry, I’d recommend starting with a duplex or triplex, even if it’s a little cosmetic work; those small value-adds (paint, flooring, fixtures) go a long way in boosting both rent and property value. 

I expect hosts who are in urban area will see a meaningful boost in bookings. 

@Jason MilkoHow to drive ARV (my opinion)- Improvements that drive the ARV the most: Roof, New Kitchen & Bathrooms, Flooring, Paint- Improvements that DON’T drive the ARV as much: Windows, Landscaping, Driveway, Rough Plumbing & ElectricalAs a general rule, kitchens, baths, and curb appeal upgrades give the best return; things like windows or mechanicals help with appraisal and marketability but don’t always boost ARV dollar-for-dollar.

And, refinancing into an FHA, as owner occupied will boost the cashflow.

On takeover, set written payment plans for 1–2 and offer cash-for-keys if they miss, keep #3 on a utility compliance notice, and fast-track leasing of the renovated unit to boost DSCR.

Rate matters, but structure often matters more.There’s a world of tools beyond rate shopping that can dramatically change your deal’s economics:Buydowns: Temporary rate reductions (like a 2-1 buydown) that ease you into full payments.Seller credits: Negotiate to have the seller cover closing costs or fund your buydown.Adjustable-rate mortgages (ARMs): Useful if you plan to refinance or sell within a few years.Interest-only periods: Boost cash flow early, especially on value-add projects.Example:Let’s say you take a $300,000 loan.

Renting by the room can definitely boost returns if it’s managed right.Managing remotely is doable as long as you have a solid local team mainly a reliable property manager or handyman who can respond quickly when issues pop up.