Interest rates atm seem quite high so will ride this out a bit longer (and ratios will continue to improve over time.) 

Adjustable rate mortgage, 10% down.

prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. 

Success rate. 

With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?

Seems to be in line with market rates. 

Interest rate is 6.3 and cash to close was $23,500.00 due to higher closing costs with DSCR loans.

One your loans will be a higher interest rate, next you will have annual filings, the cost of a registered agent every year, and items like that. 

diversification and cash flowSan Jose, CA has been very appreciation heavy... and i'm not opposed to keeping some property here, though the multi-family / commercial real estate has very low cap rates, and low growth from what i'm seeing.

Quote from @Tyler Kesling: Thanks for the insight @Randall Alan on how current owners and markets might react to the ease on rates.