Rates fell off a cliff this week so might be a good time to revisit things. 

The disposition of SFH's in markets that fail to turn is one of the most overlooked and grueling aspects of this strategy.   10 Years ago when I first began investing I grew a 30+ SFH portfolio in a neighborhood in Northwest Philadelphia and it pains me to say I fell into category 2.

I took my loan and the bottom fell out in market.

You can only TEXT support (no response), and the chatbot fell asleep and never woke up (and that's not supposed to happen).  

Mortgage rates are driven by the capital market and basically follow the bond market, specifically 10 year US treasury with a premium, historically about 1,7%.Yesterday the 10yT fell to 3.9% and I have seen 5.99% 30y fixed rates with a local bank in here Milwaukee (that is still an inflated 2% premium), so 5.7% would be historically normal based on a 1.7% premium, even without the 10YT going any lower.Here is why.If the 10yT offers lower returns, more investors want to buy mortgage-backed securities instead to get higher returns (about 1.7% higher), as a consequence lowering the returns on those as well.

       - Does not require escro taxes and insurance.I have attempted on 2 homes to go with online lending options, Both of which fell through and were a bit of a hassle.      

And a big portion of my defaults about 200 of them values fell more than 30%.. 

I agree with Jonathan that most people focus on a cute website, logo, CRM, etc.Use an underwriting template that you fell comfortable with, start with opting into broker's list, call them, and get on property tours.

I owned a place in Daytona Beach prior and that did well for 2 years and then the bottom totally fell out of the (global) market. 

The original deal I had fell through from first post.