While the latter is only 1/4-1/2 point above owner occupied house, the former is 1 point above.I am looking at 5/1 or 7/1 ARM and while I can get a large delta for my primary residence I don't see the delta (its almost zero) for rental.

Notes have more boobie traps than a Mekong Delta free fire zone.  

My interview panel had Condiliza Rice, a member of the US Army's Delta Force and a psychologist. 

Nor am I terribly familiar with properties in the Delta region or near Memphis.

b/c of the lower rate and 5 years is a long time... and the delta between 5 and 7 isn't much.  

I'm leaning towards paying a premium for nicer neighborhoods, but the delta between homes in nice areas compared to < decent areas is HUGE, like $60-70k, and I'm starting with very little capital ($30-40 down+reno).Specific geographics aside (I'm interested in Tacoma, but would love to hear from anywhere), whats been your experience?

@Alex Franks  your basis was 25k and you SHOULD have paid tax on the delta between 39k and 25k  if you only reported 4k.. then that is not correct.

thanks, tyler. it think i listed most of the items somewhere in my other threads (i think i started announcing when i hit 14 or so), but i have no problem giving you the highlights again. hope i dont bore people though.cabinets - Kitchen Kompact, home depot (HD)bath tiles - http://www.homedepot.com/p/MS-International-Metro-...faucet - http://www.homedepot.com/p/Delta-Foundations-Singl...vanity - painted - http://www.homedepot.com/p/Glacier-Bay-24-5-in-Van...vanity faucet - http://www.homedepot.com/p/Peerless-Core-4-in-Cent...of this vanity - http://www.homedepot.com/p/Glacier-Bay-Shaila-24-1...toilet - toto drake or american standard cadetaccent tile - http://www.homedepot.com/p/MS-International-Arctic...kitchen tiles - http://www.homedepot.com/p/TrafficMASTER-Portland-...most pendants - http://www.homedepot.com/p/Hampton-Bay-1-Light-86-... sinks - http://www.homedepot.com/p/Elkay-Neptune-Drop-in-S...lights - http://www.homedepot.com/p/Commercial-Electric-2-L...bath timers - http://www.homedepot.com/p/Leviton-500-Watt-60-Min...bath mirror - http://www.homedepot.com/p/Zenith-16-in-W-x-20-in-...thermostat - http://www.homedepot.com/p/Honeywell-7-Day-Program...tub - http://www.homedepot.com/p/Bootz-Industries-Aloha-...disposal - http://www.amazon.com/dp/B00004U9JO/ref=wl_it_dp_o...knobs - http://www.amazon.com/dp/B006HZ2NNE/ref=wl_it_dp_o...sink grid drain - http://www.amazon.com/dp/B00GMR51XG/ref=wl_it_dp_o...shower diverter - http://www.amazon.com/dp/B001AI1VMW/ref=wl_it_dp_o...shower trim - http://www.amazon.com/dp/B001AHZRQO/ref=wl_it_dp_o...bath fan - http://www.amazon.com/dp/B00EAD6PNE/ref=wl_it_dp_o...now you can make your houses look like mine.ovens and appliances - whatever was JUST over the cheapest, dishwasher around $300.as for pics... they were linked to the original trulia listing, i will have to get that when i get back from vacation.

If the tenants are late its still only about a 3 day delta.

I'm from Delta, Colorado and am interested in the western slope of Colorado, specifically Grand Junction, Delta, Montrose & surrounding areas.