For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate.

What is the appreciation, condition, community, class level and vacancy rates?

🏡 Real Estate Market Report (Single-Family Homes)📊 Mortgage Rates:30-Year Conventional: 7.10%30-Year VA: 6.45%💰 Median Sales Price:October: $485,000November: $484,995December: $484,500📈 New Listings:October: 1,959November: 1,498December: 1,175📅 Median Days on Market:October: 22 daysNovember: 24 daysDecember: 29 days📦 Months Supply of Inventory:October: 3.3 monthsNovember: 3.2 monthsDecember: 2.7 months🤔 What Does "Months Supply of Inventory" Mean?

I got bit a couple years ago and went from a 6% rate to almost 10% rate.

When choosing a location for your first rental, it’s great that you’re considering factors like crime rate, population growth, employment rate, and price-to-rent ratio—those are all key metrics.

If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.  

There are many investors that look at promises ROI or interest rate and nothing more.  

I'd give it the first two weeks in January and see if I got any bites before I dropped my price or really started worrying.

Also, insurance companies rate homeowner's differently from landlord policies due to the fact that you live there. 

Of the conversations I have had with people discussing hard money lending, some seemed opinionated in that the high interest rates and terms were enough to scare them off.