The turn over can be higher and if you end up with a couple not paying or suddenly vacant, it can put you in a tight crunch.

I would crunch the numbers every way that you would consider, and really looking at different exit strategies as well.

It would take a lot of data crunching to prove my hypothesis, but as I see it Round Rock had a fast “run up” of appreciation 5-10 years ago and it has plateaued a bit as some of the other areas in Williamson County have become the “flavor of the day” right now.

I have crunched the numbers and I stand to net $458 per month.

If we file jointly we end up paying more, we used turbo tax to crunch in numbers. 

I have a few loan officers if you want to crunch some numbers. 

Rehabbing is another issue I am also very concerned with in terms of what needs to be fix, trusting or finding a good contractor and estimating the amount of repair expense when looking at a property (used when I crunch the numbers in the BRRRR calculator). 

Rates may still go down, but I'm in a bit of a time crunch.

Otherwise, if this is an extremely "crunched" area in your local market you may try looking through some more creative lenses, like "homes with 2 kitchens" or homes with a casita/Mother-in-law/ADU. 

So, I also see it as a buying opportunity if it does happen to last longer or turn into a recession where other property owners get crunched for cash and need to sell.