I think one thing people need to understand is in the US the ten-year treasury is competing against the mortgage-backed securities and while the ten-year is impacted by interest rates, its not the only factor and amount of spending we do also impacts it.they auctioned off 30-year today and it went really bad as no one wants our long-term debt and it sold for 4.3%10-year notes recently traded for 3.96% but again very weak demand - which I believe means yield prices may continue to move up, which means interest rates are not going down dramatically anytime soon - so that fed 25 or 50bps drop is not going to have your mortgage lender dropping rates suddenly the next day...Now the spread between the 10 yr and 30yr mortgages historically is closer to 1.75 but recently has been between 2-3% due to yield curve.

Jarrell is on the north side of Georgetown and within the very fast growing Williamson County.

So there are no hard fast rules on that.

@Rae Chris, finding a "0% down" loan is hard, if not impossible today, even with your first property as collateral.  

There are still liens today leftover fro the 2016 Baltimore City tax sale.

So, in your example it might be at 9% interest rate which would make the weighted average HIGHER than taking out a mortgage at today's interest rates because the 2nd mortgage would be 3x as much as the 1st mortgage. 2.

These properties today can throw cash like crazy, but you'll be dealing with a certain kind of tenant and depending on your tenant screening could be looking at higher costs due to poorer tenants.

We have project management software, Buildium, so the day-to-day tasks there are fairly well taken care of. 

Kind of like todays guy Pace Morby  lots of BP folks take a shot at him but I bet he has made well over 50  million selling his system.

It's less work than an airbnb and in today's market it can be more profitable than an airbnb.