Most SF rental homes I help clients purchase fall in the 80K-150K range. 

No points, not sure if it's worth buying down since rates may fall?

Is the sky falling?

Part of my pre-approval process is to scrub the borrower's bank statements for these and find out up front what they are for proper DTI calculation - I almost had a file fall apart last year because of Affirm. 

The FED is not reducing rates (maybe 1-2 times in the fall) but it's going to be 0.25%.That changes nothing. 

While other wholesalers are relaxing at home and waiting for a deal to fall into their lap, you'll be out making things happen.

Our lease briefly mentions all utilities must be turned on, does not mention the consequence... this old lease is killing me lol.I don't know what the proper response is, could there be a huge utility bill waiting on the other end of this that falls on my lap?

I am a 20 year old college student from Sioux Falls, South Dakota.

If you do not have quality documentation working together to build a wall against lawsuits and creditors then your wall will just fall down on you. 

Also since its a rental you definitely want umbrella coverage as if someone trips and falls, you would not be covered by insurance and could be on the hook