Of course if you are going into it with a long time horizon that is great and you might think it may not matter, but you have to factor it in. 

Make sure that strategy fits into your investing time horizon and goals and makes sense from a return perspective. 

When looking at SFH check city and local regulations and look at recent meeting agendas if STR restrictions are on the horizon.

Jim Cramer suggests that Memphis RE is heating up in comparison to Nashville. Nice to get mentioned!https://www.firsthorizon.com/Landing/Virtual-Events/Bryan-Jo...

Do you have expensive maintenance on the horizon? 

Does it have enough reserves, any special assessments on the horizon (could be extra thousands in additional fees), when is the next big expense coming (like roof change, elevator replacement, etc), the rent cap and what rents options are available.

We are in a period of lull right now, but starting to see market shift and opportunity on the horizon....in my opinion.

What is your time horizon on this property? 

With a 30-year amort and 10-year IO options - as well as ability to get rate down quite a bit if you have long-term horizon (5+ years so don't mind prepay) - the rates/terms and monthly payment will likely be very attractive.Others too have done the DSCR Portfolio Loan (Blanket Loan) refinance option too (refinanced the 10 properties that are under conventional into one blanket DSCR Loan and start the process back from 0 on conventional), however, given current rates, don't see it a lot currently since the refinance would typically mean racheting up interest on those

As files get riskier, the different overlays and pricing/LLPAs for the different investors will shine through and you will see more variance in the different products.Most 30yr FRM for investment properties are mid 7 to mid 8s right now, depending on the credit risk and assuming a 2-3yr payoff horizon.