Maybe that'll settle him some.I predict that come Halloween, he will renew.

I agree with you that it's hard to predict future liabilities in condos, but if you choose wisely (solid management, reliable developer, newer construction), you can reduce the risk. 

There is no "big deal" here. a High interest rate doesn't bother me as long as the numbers work for me and I end up making more money which is what the numbers are predicting will most likely happen.

So here are my predictions, feel free to offer up your own:1.

Consider other funding alternatives, be conservative with rent predictions, and be adaptable.

Now the fed is expected to begin cutting rates and we may begin to see greater separation between bank and alt. lender rates but if the fed cuts rates slowly as predicted  there is likely still a window where alt lenders will be competitive, especially in the scenario I described. 

I like to share this story as a cautionary tale and while nobody has a crystal ball and can predict the future, understanding the end goal can  help investors understand  whether they invested in a market that can reap the true benefits of SFH rental ownership or perhaps point them in that direction. 

Quote from @Michael Keith: The real estate market is often the subject of speculation and forecasts, some predicting downturns or even crashes.

It is predicted that the number of foreclosures will increase and I would like to capitalize on this as a mechanism to acquire properties.

Its VERY hard to predict market price changes.