We are not likely to see rates that low again in our lifetime.

What’s not working right now is traditional long-term rentals—high interest rates have crushed a lot of those deals.

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.

So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.

One difference was to have two properties appreciating (though at very different rates as they were in different areas) instead of 1.

It's probably going to mean paying points at closing, a high rate, and a serious pre-payment penalty (like 5 years). 

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences. 

How much will be the interest rate, and terms of the loan. 

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.