Both situations may trigger a short-term flight to safety, nudging yields and, by extension, mortgage rates, slightly lower.Labor Market SoftensThe US job market continues to show signs of cooling.

Depreciation is another valuable benefit; it allows you to write off the property’s value over time, which can reduce your taxable income and increase cash flow.If you live in one unit and rent out the others, you can deduct expenses related to the rental portion of the property, such as utilities and maintenance.

Totally get what you mean, a lot of owners in markets like Cape May start off with a DSCR under 1.0, especially when the property is still being used personally.

One is a condo, paid off, actively renting.

No one should be mailing payments these days for rent when there are plenty of other more secure options that eliminate lies and excuses (the check is in the mail). 

For the first time in a decade, builders—not everyday sellers—are the ones with properties on sale.For the first time in more than a decade, new construction isn’t the “expensive” option. 

Nothing replaces market knowledge and creating options for yourself. 

.🛒 Retail Sales Point to a Cooling ConsumerSeptember retail spending grew just 0.2%, and the control group (the GDP-accurate one) slipped negative.

From my consultations with a contractor and a foundation/leak detection company: I pretty much am told of these options as a resolution: Exterior French Drain, Interior French Drain, or both. 

Pretty cool AI property management platform that's free.