I originally think that Florida's insurance is off control, then I found the NC properties' insurance increased 40% from last year and tax will increase also.With current inflation(3%, 30%, or 300%), more and more people can't keep a home in most place although the interests maybe under 4%. 

Originally posted by @Allyssa McCleery:It is a complete waste of money I also, am curious why you say this?

And unfortunately, some loan originators will say one thing and then their underwriters will say another.

Originally posted by @Carol Venolia:I'm one year into being a landlord, and I loved it for about the first six months--in spite of numerous challenges.

For example, you could do a 3-2-1 temporary rate buydown where the rate is 3% lower first year, 2% lower in the second, 1% lower the third year and goes back to the original rate for the rest of the loan.

Originally posted by @Andrew Y.

Considering that then taxes and insurance were virtually nothing, it worked out to about a 15% annual ROI.Because I had a decent W2 job, I took every bit of that cash flow and saved it, along with money I was saving from living beneath my means (how I had saved the original $100k in the first place).

The original post assumes "all other things being equal" with property managers, and that isn't the case.The cheapest shirts are at Dollar General, but that doesn't necessarily mean they are the best.When it comes to property management, it's not what you are paying, but what you are getting. 

Original asking price of 110,000, I purchased for 90,000.

There’s a lot of misinformation out there that is presented as knowledge.One can do a reverse exchange where one buys the new property first and then sells the original property after - all via a 1031 process. https://www.investopedia.com/terms/r/reverse-exchange.aspReverse exchanges do exist and they are “legal”.