Eric,They are using rules that take those into account.

Note that FHA can be a great option at 3.5% down but don't rule out the 5% down conventional option either. 

They do everything for you (payments, taxes, insurance coverage) - the website and app are easy and functional and you can vet your guests!

At this price point you'll never hit the 1% rule.

Make sure the property meets the 1% rule or close to it (monthly rents = 1% of purchase price) to ensure it cash flows after you move out.Yes, interets rates are higher than they were a couple of years ago, but rents have also increased significantly in many markets, including yours.

FHA does not have this rule. 

@Robby Sanchez rules of thumb don't work, as others here have stated. 

Not easy, especially given where you're investing and, if you can't do that, love money might be the solution.

Flat fee buyer agency is new but growing quickly since the August 2024 agent compensation rule changes/lawsuit settlement.

The property manager will be involved for years, and they want it to be something easy to manage.