Ideally, I feel like the space is worth 3400 a month but I have significantly lowered the rate because I wasn't getting ANY bookings :( I've posted listings on furnished finder, airbnb, zillow, and vrbo.

Most of the 15-35% should be added to your reserves which is 75% of capex costs(you just fixed up so lower end), 2 tenant turns, 8 months vacanies, and 4 months lead time.

The better your credit, the more likely you'll be able to access a lower down payment option.3.

If you still have those properties and mortgages 10 years from now, rents will likely be much higher, and the value of the cash you are using to pay the mortgages will be much lower even assuming normal 2-3% a year inflation.

Ideally, it will also lower your living expenses so you can save up faster for the next investment or next house hack. 

He would try and sell that original loan to investors so they could also fund the draws but he got caught in interest rate spikes and left a lot of people high and dry as he was writing loans at lower rates and when rates spiked the loans were worth a lot less.

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.

This will hold true in any lower cost inventory neighborhood, not a Philadelphia specific problem but resist the temptation particularly if you are not a local hands own operator.

If you’re planning to buy, will you wait for even lower rates or buy now and refi later? 

My only 4-star review was from a guest who wrote a glowing review about the place, the host and the neighborhood- then gave us 4-star, lowering our rating.