The lesson here is when you are shopping for rates you want to do it as close to each other as possible to make sure you are comparing apples to apples. 

Wanting to give back is part of the human experience, so don't let a few bad apples spoil it for you. thanks for your post!

Nevada has many of the draws of CA and the added benefits of low property taxes that don't assess on sale, landlord friendly, no state income tax, and multiple tech and manufacturing jobs like Tesla, Apple, Google in the area. 

With a 30-year amort and 10-year IO options - as well as ability to get rate down quite a bit if you have long-term horizon (5+ years so don't mind prepay) - the rates/terms and monthly payment will likely be very attractive.Others too have done the DSCR Portfolio Loan (Blanket Loan) refinance option too (refinanced the 10 properties that are under conventional into one blanket DSCR Loan and start the process back from 0 on conventional), however, given current rates, don't see it a lot currently since the refinance would typically mean racheting up interest on those

San Francisco is the 15th largest population in the US.I find the topic interesting and the discussion lively but there is little apples to apples comparisons happening so far.

This dampens your appreciation considerably because people consider apples to apples in terms of total mortgage payments.

@Mike H.I think it’s funny you compare buying rentals in 2010 to today saying it’s apples to apples.

The same would be true if you had $500K of Apple stock and wanted to distribute it to yourself over a 10-year period. 

I ate a lot of rice, apples and other inexpensive food to get by. 

Loan terms are going to vary, based on the asset, your liquidity, net worth.We've got three deals currently under contract with a credit union, 25 yr am, 6.75% rate, 2 years I/O, 5 yr term.