Looking for home buying strategies (rental or investment) given the high loan rates

[Cali Skier]

Hi,

Question up front: What strategy is there to buy a home, primary or investment (rental peroperty) given the current rates and assuming I have the cash to just buy one out right?

Situation for me:

1. I love owning rental properties, but feel the rates are too high to buy now, worry the market in Oklahoma may not come down (california transfers), worry that buying straight cash will take 10 years to get that cash back.  Loved the 20% down method with 3.5% interest from 3 years ago.

2. I have a 3 bed, 3 bath house that we have grown out of and could just rent it out and buy another one, but it has a 1 acre lawn and a swimming pool and I worry about renting a large yard with a pool.

What advice would anyone throw out?