Perhaps after some period of time with rates rising to and past the 2% market return expectations will indeed rise but that will be more of a lagging characteristic and not immediately impacted by the rate increase event when it happens.  

Preach it, @Joe Splitrock...it seems that politicians who frequently tout legislation to confiscate more wealth from businesses have had little to no practical experience running businesses, and don't always appreciate the impact on the free market.  

I'm up in that area pretty frequently.

I know this may not be frequented, but it still makes me consider venturing off into that lane.

Haha...we do frequent Abuelo's pretty often!

Terms I see frequently in Chicago are something like this:90% loan on acquisition and rehab2-4 points11-14% interest

@Rita Bock:Your target is the property (or property characteristics) you want.

I worked in law firms for 1/4-century, where I was the real estate specialist, and this happens more frequently than not. 

@Steve S.When the intention is to BRRRR, I frequently recommend asking your loan officer to quote you a rate where the rebate covers the closing costs.  

@Brian Burns, I have a very targeted neighborhood, and walk it frequently with my husband and children.