Things have changed on macro level since October however and I want to put this brrr into ASAP mode because of the fed taper and resulting mortgage rates creeping up the next year.

Considering the FED cannot really control interest rates and at best can control the short end of the curve it would seem to me that Jay Powell would be in a position where he cannot raise rates. 

The taxman isn’t completely without heart, and the feds, along with a lot of states and local governments, offer a lot of tax credits for things like research and development, innovation and technology, renewable energy, and investing in low-income communities.Stroll back through your 2021 memory lane to make sure you’re claiming all the tax credits you might have coming – and, just as important, begin eyeing possible tax credits for your activities planned for 2022.This is just a sample of business tax strategy to help you save before the end of the year.

The Fed as already started reducing their bond buying activities.

If the feds actually start to taper bond buying and raise rates I think we will see a decline or at least a slow down in home equity.

@Denis Ryan I concur with not using Navy Fed.. worked with them this summer (on a team as the buying agents) and it was a complete debacle. 

I question how there are deals out there.Purchase $145,000. 3 bed 2.5 bath$1700-$1800 per month rent $20,400-$21,600 per year-Mortgage A-D ($13740) A) Prop Tax $4590B) Insurance $850 estC) Interest $4900D) Principal $3040-Management 8% per month ($2,482-$2628)-Vacancy (5%) ($1020-$1080)-Repairs (10%) ($2040-$2160)-Income tax (fed/state/local) after deductions of Mgmt cost/property tax/interest ($1976-$2251)———-Net ($858)-($259) per yearIf I can deduct depreciation -Net $134-$733 per yearProperty is mostly remodeled.

Right or wrong, you will not be persuaded by anything I post so I will not get into a point-by-point slugfest.Policy and statute in TEXAS is this: the SOLE remedy for non-payment of rent in a residential tenancy is found in the FED statutes. 

Good luck and shoot me a PM if you have any other questions about specific Fed Hill listings.

That means that most lenders won't go anywhere near it.One of the risks is that the feds raid the place and confiscate the property.