Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

After 30 months I will have paid the loan down a little, forced appreciation, might have a little market appreciation and hopefully interest rates are lower in 30 months then they are now.

My strategy for getting started is to use a HELOC for my down payment and all other upfront cost and reserves, then refinance as soon as possible to get the fixed, lower, interest rate.

The interest rates are usually lower than most loans. 

The reason for this is that it would have lowered our monthly payments.

Good Afternoon, I am approaching my loan seasoning timeframe and I'm getting ready to Refinance and get a lower rate using the IRRRL.

I had a much bigger building under agreement 15 unit launch financial had my rate in high 6’s with 30 year am which was great the deal ended up falling apart (not their fault seller misrepresentation) but I do like them and you can usually get them to lower their fees. 

Here is my perspective as a landlord in a lower-cost community:  1.

I chose a market with lower price points for my first rental investment but I also knew the area really well and had help from a realtor navigating the process.

It's either a "yes" or "no" not a "yes, if you lower the price."2) I really don't worry about it at all.