Although 3.1% is a great interest rate I tend to not get too caught up in keeping a property just because the rate is good.

Also I've heard of some DSCR loans that are not too far off from conventional rates.  

Hi Even,I don't know about DPA and Grants but I do have a great program with only 3 precent down and low interest rate.

They have 4.8 stars out of almost 1000 reviews, and the BBB gives them an A+ rating but they require 4 to 6 thousand dollars up front to work with them.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Miami.

Purchase price: $415,000

Cash invested: $90,000

MY FIRST RENTAL PROPERTY !! BEAUTIFUL DUPLEX IN THE HEART OF MIAMI ...

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

Also, there is a need in the marketplace for a co-living PM company that doesn't charge too high of rate. 

And also that rates are just going to continue to be an issue, so it's likely something to plan for in rent rates and/or overall investment costs. 

As Vince said it is a quick guideline and won't work in most places with current interest rates and house prices. 

There are also case by case opportunities within the North Phoenix market where rental rates are stronger.