By prioritizing five-star reviews, I built a strong reputation, which led to increased bookings and higher profitability.

So if conventional primary residence rates are that high, par rates on investment properties are generally higher. 

I’m hearing they require higher down payments though.

Many “wholesalers” get all excited when getting a property under contract only to discover that a thorough inspection by a knowledgable professional results in repair costs 2 - 3 times higher than they calculated. 

The higher the rent, the better for tax purposes.

Safe rent after rehab is $900 per month, maybe higher if I get lucky and/or rehab it to a very nice condition.  

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

Quote from @Jacob Molina: Okay, so with that 3-2-1 would the final year of that or end of that the rate be fixed or could it go up any higher?  

You could get lucky at $6k but I'm guessing the quotes will come in at $8k or higher.  

Are you looking for higher cash returns, greater appreciation, or a good mix of both?