Seems really low for all that work in any part of the country these days IMO. 

@Moshe H.No, not all the time, but the low contributors do not wish to lose it. 

We've seen some unique things in the covid era 2020-2024 like high appreciation (that is not the norm), the low interest rates we had (prior to 2022), and the past year the stock market has done incredibly well (up 20% over the last year).

@Kwanza P. 780+ pretty much gets you all the same rate regardless of being in the low to mid 800s. 

Is is low enough that someone would be ok with a wrap??

I would encourage house hacking, you won't be cash flowing but it helps you save while you get your foot in the door with low DP.

Are you looking to submit just a small list, find a skip tracing service that does not have high spend minimums but rather flexible spending option for low or high volume. 

That said, most of our DSCR options have had rates drop over the past few days, so right now is probably a good time to move forward (at an 80% or 75% LTV) as it is very possible to get you rates in the 8s and even low 7s right now at those LTVs, if your credit and DSCR ratio are good.

Rates were still extremely low, which made both properties extremely lucrative with cash flow.

That's pretty low for a 3-BR - I'm seeing the FMR for a 3BR in that zip code is $1,850.But at $1,300 for rent, you'll probably find HMLs that may lend you around $120k if you have a good credit score in my opinion, which means you'll need $45k + closing costs.