It's a 3 bedroom house and we plan to use technology such as a smart lock, WIFI exterior cameras, and a smart thermostat.

If you are competing with cash buyers and a great deal comes your way, it may be worth it to borrower at these higher rates.

@Douglas Skipworth and Dean Harris of Crestcore have a great podcast and a video outlining all the zip codes in TN as well.

Knowing your current state comps is a great place to start and a real estate agent can help pull those figures quickly. 

I continue to look in the Brevard area of Florida - As far as north as Titusville/Cocoa and as far south as Sebastien. 

Huntsville, in particular, has strong job growth, steady appreciation, and a high demand for quality rental homes.

I'm both an investor who has done fix and flips and a mortgage lender.

Although things will change this year, between HELOCs, 1031 Exchanges, and a Business Partnership, I'm up to 15 doors (including my personal residence) and I haven't done a down payment since 2015.

For $10K and a lower rate I'd be willing to consider delaying...but only if I knew that lender two was solid on closing in a relatively short timeframe.

The place I’m looking at has all employees and a wonderful couple who has owned it for about 30 years.