There are conventional loans as well with low down payments and the PMI falls off once you reach 20% equity.In this higher interest rate environment, lower down payments does make it harder to cash flow, so just keep that in mind.

It's important to address this issue to maintain a peaceful living environment and protect your floors.

This has a lot to do with your location, building class, etc.

@John Balzowski what no ones mentioning is an investor should understand Property Classes.The numbers you've done in TX, appear to be for Class B properties.

Fueled by a robust education system, a supportive business environment, and an enviable quality of life, Austin continues to magnetize companies and is poised to lead tech innovation for years to come.

In the meantime use this resource to find out the areas around hereUse this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onhttps://www.areavibes.com/Here is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Memphis (*Dont invest in 38002,38106,38108 iffy, 38109,38114,38126,38127*) GOOD Areas **38016,38018 38117,38118,38128,38133,38134,38135,38016 38111 University is ok Memphis B areas, better tenants: These areas are:Bartlett (38134, 38133)Cordova (38018, 38016)East Memphis (38117)South East Memphis (38125)A little bit of a lower class would be: 38122, 38111, 38116, 38141, 38115

Most lenders do not like these lower property values because they are too risky of an asset class, little return in interest and fees, and long term financing will be an issue as well.

Did you already own a mtr and used the class to fine tune your method or were you a complete newbie and used it to build your foundation?

Some of its emotional and they feel real cool and successful being in Class AB communities with decent tenants.