With overall cooling rents, high mortgage rates, and chaos in Washington, I'm definitely being careful about what I buy this year.

This for us is preferred over seller financed deals as we can do 65% LTV, 800 credit with someone who has net work 2x+ loan and get double digit rates. 3.

Can someone please let me know if this is ok for my first BRRRR.I got a $200k HELOC on my primary residence to help fund my first BRRRR. I bought my first investment property cash, for $101K. After closing costs, it w...

Elite’s rates are a little higher but they sound MUCH more flexible.

This is to get your tax deduction at a higher tax rate.  

If you pay off your mortgage (which is a good interest rate), you will likely burn through that cash flow as it is more accessible, AND that money isnt working for you anymore (unless you reinvested it).  

It’s not necessarily more difficult than market-rate rentals, just different.If you’re seriously considering this route, feel free to reach out.

My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

While a western WA deal might not meet some Midwest cf metric like 1%, it will be above the market cap rate or below FMV of comparibles and give you options. 

Most lenders that I work with give Wholesale Rates (vs retail rates when you go directly to a lender).