So they will gradually be brought up to the qualifying rate. 

Many investors fall victim to bait and switch because they do not understand how lenders are feeling right now and what a realistic interest rate/fee structure really looks like. 

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Does anyone know how true this is and if mortgage rates will keep going up? 

I've built a long career within the tech industry in sales, but I'm looking to get out and make a change..To all my fellow rookies and veteran investors, please don't hesitate to reach out.

Unless you are planning a DST (not sure if SDIRA's can hold this type of investment) which is similar to high rate bond investing depending on the rate of returns. 

Please keep in mind that we do not want recommendations for strategies involving financing, as we want to get some core holdings that produce immediate cash flow and not have that NOI reduced by loans at current rates in light of the current cap rates.Also, just FYI, we are in California and no way to get around that residency in time to reduce state taxes.

Your other criteria should address:Desired interest rate – What annualized rate are you realistically looking to earn?

So that has made some changes to my search.That being said, I have not reached out to State Farm, Allstate or Liberty Mutual.

Is there a difference between different housing authorities like Boston housing or Salem housing in terms of their rent rates and smoothness of process?