initially this was going to be a flip but the interest rate environment changed mid process.

@Adam Copley We're investors in the mid west and I was in your shoes about 4 months ago.

The layout allows for an easy addition over the garage, potentially adding 2 unitsThese units could generate approximately $36,000/year at $1,500/month rent per unitFinancial Overview & Valuation: At current income and stabilized rents, the property offers a 6.5% cap rate on a $700,000 valuationRenovations and addition of two units would cost approximately $350,000Post-renovation, the ARV (After Repair Value) is projected at $1.4 million, with the potential to double the annual revenueRun Your NumbersWith the current market pricing in the mid-$600,000s and being on the market for only 30 days, 5000 Florence Ave represents an exceptional value and scaleable opportunity.

To prevent this from happening again, we do a six month lease during winter and re-sign a new one-year lease by mid next year so that we don't have this issue in the future.3.

Small to mid commercial deals (< $5M) are hot again.

If you’re furnishing it as a mid-term rental, that depreciation on furniture, appliances, and improvements can seriously offset your first year’s income.

This will give you insight into your potential refund if you cancel mid-term. 

It’s a structural one.Why it’s happeningBuilders have tools individual sellers do not:• They can buy down mortgage rates into the 3’s-mid-5s while resales are stuck at 6.5%+• They can offer closing cost credits without triggering appraisal issues• They adjust pricing based on absorption rates, not emotions• Inventory carries measurable costs for them, so they act fasterMeanwhile, resale sellers are slow to reprice and anchored to peak-era expectations.That creates a pricing gap investors aren’t used to seeing.The investor angleFor most of the 2010s, investors avoided new construction because it was more expensive, taxed higher, and offered no rent premium.

Most of my purchases are buy and hold mid-term rentals and not flips.

Her VA loan rate was under 3%, and even though the house was mid-remodel, we listed it and a buyer was happy to take over that low payment.