and it doesn't work like that, especially with prices and interest rates high. 

We only get a statement from the management company about the rate.

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.

VA loans are the only loans that allow this, and there is no rate penalty for it no longer being your primary home.With that in mind, you could do a cash out refinance today at a higher rate than current market rates which will create profit on the loan, we can take that profit to pay for your closing costs.

No fees = higher rates.

And management is a LOT more intense, just turnover rates alone!

Quote from @Jimmy Rojas: I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me? 

Something many new investors don't think about is that property managers usually negotiate volume discounts for some of this stuff.

Yes quite a few of our 5,000 options have rate and term or purchase!

Often times if you lower the rate, the fees go up and vice versa.