Interesting article today from WSJ on investor slowdown in purchasing homes in the current markethttps://www.wsj.com/articles/i...

Or you could also set the rate in flat dollars and have it only take dollar bills. 

I can only imagine how this market could inflate if people could get 10% down deals with little experience.

As a side question, why do you want to start investing in the 3 most inflated markets?

Fed just signaled that week about rates rising and tapering their asset purchase starting in Nov.

Especially with rates being a little higher right now, and likely going to continue to rise more throughout the rest of the year. 12 years is a long time to wait, but with $1000/month cashflow that is $144,000 more you will have in 12 years.

If inflation suddenly cools and employment rates are at non-inflationary number, it's possible rates will not continue to go up.

The new CPE (core inflation) and CPI inflation numbers just released on thursday so its your lucky day and rates have dropped to the lower 6's (prior was around 7 or little over - range).Once monday mortgage bond market opens at 630PST or 830 CST yourtime you'll have different pricing so definitely check in on monday and to accurately compare you'd need to get everyone's quote at the same time and same day because the mortgage bond market trades in real time and could reprice multiple times perday.In the end most lenders should be so close that you'll want to work with the best you can find.Hope that addresses the real life situation of conventional mortgage pricing (bank and portfolio mortgage prices change a lot less frequently and is another topic for another time).Best Regards,@Matthew Kwan@Carlos Valencia

Or if I am able to play the long ball game would the history of rising property value be more beneficial in the next 10 years. 

The dilemma behind the question is this: I have heard the on the market podcast crew say that rising mortgage rates equal rising rental rates (correct me if I'm wrong), so part of me wants to go for my max market rental rate, but I've also heard the sentiment from multiple acquaintances/mentors who have been in the industry a long time relay that economic downturns lead to more people losing jobs and more evictions, and that hedging against vacancy and turnover by offering a lower rental rate to solid tenants is a better play than getting max dollar.