Each class has different tenant pools, appreciation, turnover rates, etc.

All properties are tenant-occupied and pay rent at or above the market rate.

Then they continue to just flat rate charge us a fee for the water which for a typical residence 3/2 house is about $1400 per year for all the water you can use.

Where these numbers are found, there is a very high rate of rent actually being paid.A little more about the area:We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

My area has a strong economy, high rental rates, and a very large military and civil service presence.

Mortgages make a lot more sense when rates are really low. 

Most rentals now don’t cash flow at 7.5% interest rates.

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.

Do different agency lenders have different spreads and interest rates?

I highly recommend finding a market that is landlord friendly, cash flowing, doesn't have regular catastrophic events, property taxes are low, insurance rates are under control and you like the area.