And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.

Paying for a Section 8 investment course is the equivalent of an aspiring cook paying for a course titled: How To Boil Water

Remember, you are the client and not the attorney!

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in. 

The most important thing is research.

@Anthony Minervini go with the market you know or have boots on the ground in.

I just moved from Houston after living there for about a dozen years.

I may pay off my current house (6.625%), pay off half and buy 1-2 rentals or just refinance it and buy 3-4 rentalSI’m interested to see what you decide to do as wellJustin 

Welcome to the Bigger Pockets community!

I'm going to have a floor guy take a look to be sure, but let's assume I can't re-sand and I'll either have to put new flooring over the old original floors or just tell the next prospective tenant, that's how the floors will be, which lowers the appeal of a very rentable apartment.