With such low rental yields, the return on investment (ROI) and cash-on-cash (CoC) return are negative when factoring in mortgage payments only, not including any other factors.In this market, it seems almost impossible to make a profit using traditional rental property investing strategies.

Quote from @Vishal Chandan: I am about 25 days from closing on my first investment property and the mortgage loan officer wants me to keep my credit unfrozen (from all 3 credit bureaus) till the day of closing.

Quote from @John McKee: IF you took your 600K today and put it into mortgage notes at 12% you will have $72,000 a year or 6K a month in cash flow right NOW! 

As I'm sure most of you know, a long-term rental is simple since the only recurring expense I own is the mortgage, whereas with a STR I'll own the mortgage, internet, utilities, furnishings, cleaning fees, etc. which just makes my projections a bit foggier.I'm looking for feedback on the below expenses and wondering what else I should be thinking about, that I don't currently have listed.

The provided a really nice place to live for significantly cheaper than renting a run down rental in a bad area.

Is there a way to remove him from the mortgage without refinancing?

If you are not willing to travel to place and understand the market you are investing you should not be investing there just because it is cheaper then your local market.

That $85k cash flow pretty quickly becomes $0 once you add a $1M mortgage to it at current rates. 

For those that are 1-4 unit properties on fixed-rate 30-year mortgages, I'm generally not making any changes since they were purchased at low interest rates.

Lastly, plopping down 5% points for a marginal savings on a monthly payment might not be the most effective use of those funds, maybe being able to buy the next a bit quicker would generate a higher return for the cash.and no, I do not believe we will see rates below 5%, and the fed has never had any control over mortgage rates with the fed funds rate as that is the shortest possible rate overnight borrowing between banks.