You might’ve rate-shopped a bit early, but it’s not a deal-breaker.

Interest rate is 6.3 and cash to close was $23,500.00 due to higher closing costs with DSCR loans.

I'm not sure if they still have that in this current rate environment but they do exist. 

My initial reaction is that given today's higher interest rates I don't think $100k income will support an 800k loan because the loan payment on an 800k loan (30 Year Am and 7% interest)  is about $5,000 - $5,500 and your income is about $8,300 per month.

Glad to see some justice.The next round of scams will be people raising money for new deals but then using those new funds to bail out previous deals—be it flippers who can't sell or apartment investors facing refinance rates and decompressing CAP rates.

The thing that would deter me from this location is a background rate of appreciation of 3.12% and low school ratings.

You didn't mention the interest rates but 3 years ago, I am going to assume it was much better than it is now.

That will most probably be offset by an increase in new mortgage costs and increased rates. 

High interest rates are deal killers IMHO.

Hello @Chris Atkins,To achieve and maintain financial independence, only invest in cities that meet the following requirements.Significant and Sustained Population Growth: Rental rates follow the basic principle of supply and demand.