If I'm struggling to fill a unit, then I may drop my prices or deposit, but that's MY choice and is not influenced by a particular applicant.

Other benefit on paying extra on one only  is that if/when interest rates drop then better to refinance one mortgage (with higher loan amount) to save cost over two refinances. 

Also be ready for the insurance company to drop your coverage. 

I have folks ask about the capital region and I don't cover it, so I'll drop you a message about referring some folks to you.

Having a Pre-approval letter or better yet a loan commitment and a Banker to call and reassure the sellers agent you can close in 30 days or less also offers a huge advantage.In this market using a DPA is not a bad idea since rates are high and when they drop you simply refinance for a lower rate and payment. 

If you want to sell quickly, you might have to drop your price significantly.

So you log that number in your head - that at $145,000 you have $69 cash flow when rates are at 7%.But if rates were at 5%, your payment drops to $623 for the P&I instead of the $772.  

Depending on the situation of the seller, you may have to come up with a down payment to cover the sellers earned equity, but many homes have dropped in value since mid 2022 and sellers are being left with very minimal equity depending on how much they put down when they purchased. 

With the correct analysis and strategy, properties can be purchased with enough rent headroom to absorb rent rate drops.

During this heat wave the temperature on 2nd floor has been in the upper 70s and even hit 80.