As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

Do personal returns have higher audit rates than entities overall? 

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Of course back then we were getting “screwed” with 6-7% rates.

For example, the turnover rate on Realtors is like 88% a year or something like that.

I paid about $1500 in closing costs between title, appraisal, etc, but the original loan was wiped out in favor of a new lower rate. 

Guests love them, and listings with hot tubs often command higher nightly rates and occupancy.

Conventional loan, 25% down at ~7% interest rate How did you add value to the deal?

I'm not 100% sold on being a landlord, but listening to the Bigger Pockets Money podcast is gradually changing my mind.If anyone has any resources, let me know.Thanks.Hey @Geoff Engel, welcome to the BP Forum! 

There are so many variables and some of the biggest misunderstandings come from regional variances on how these variables are handled (mortgages & financing especially).I had thought progressing towards multifamily and then commercial was the obvious path to follow, but one conversation changed it all.