We just got updated rate sheets today and rates went up

I'd be more concerned about the vacancy rate than the owner occupancy issue.  

Keep an open mind, stay informed, and be ready to adapt to the ever-changing real estate landscape.

There will be one more FOMC meeting in December which will determine whether another rate cut is on the table.

Rates are slightly lower today.

@Kenneth Garrett according to the PA code, if there is a window within 10 feet of a fire escape, that is changed i.e. removing the frame then it needs to be replaced with a fire rated window assembly.

As soon as those unprepared hosts get their next payout and see their profits chopped, they'll scramble to raise rates.

With changes in technology and underwriting, are you seeing shifts in risk / return profiles?

This one is a newer build townhome in an A-class Bluffdale neighborhood — great location, newer construction, and easy to manage long term.Property OverviewProperty Type: Townhome – newer build, A-class neighborhoodPurchase Price: $480,000 (market value)Down Payment: $70,000Underlying Loan Balance: about $410,000Interest Rate: 2.375% fixed through December 2051Loan Start: December 2021Monthly P&I: $1,755Taxes/Insurance (Escrow): $470Total PITI: $2,225 per monthRented: $2,495 per monthServiced through Escrow SpecialistsProtection: Recorded Notice of Interest on titleWhy I Bought ItThis isn’t a big cash-flow play — it likely breaks even after reserves — but the rate was too good to pass up.

Today, Oct 27th, is the day the change will be made automatically.