There is no promise rates will fall at any time ahead, that's a gamble and the three points then wasted money.

Were I a gambling man, and could find somebody to take me up, I'd bet on another extension.I doubt I could find anybody to bet the other way though, so it's probably just as well I'm not a gambling man.

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

Just like there's other career paths you could have chosen instead of doing what you're doing now.

Sometimes its a storm of options that you receive after your certain you have chosen the right path.

Knowledge of the chosen submarket is critical so I think that you should be open to the color/style of the kitchen especially if it sells for top dollar quickly.

I would not gamble on that unless you have done this many times & know the potential risks. 

- Listing price to buy: ~$700k a few months ago- Rent: $3.4k- Master lease up to 2yr- $10k initial nonrefundable deposit towards down payment- 15% of rent will go towards down payment - First month, security deposit, and $10k due = $16.8k In my opinion you are gambling in a market that is trending down.

I have chosen to focus on MHP as a more recession resistant asset class, along with conservative underwriting and low leverage, which will all contribute to the ability to weather the next down cycle.

I’m trying to focus in on one thing though, which I’ve chosen to be securing a duplex as a rental property!