If someone offered 3%, is that too high?

I do not judge anyone that sees a high projected return and becomes interested.  

High praise coming from you Steve.

We have a high saturation of rentals that has caused the market to lose money. 

I’m targeting assets between 25-100 units located in high-growth markets that exhibit strong fundamentals.

Make sure you are highly dedicated and motivated to take action.

Focus and consistency are going to be your best friends.Also, I wouldn't tackle buy-and-holds right now unless you currently have a high cash flow revenue stream in place.

Honestly with an interest rate like that you could even not pay off your primary and put any excess capital in a high yields savings account and be financially further in the long term.  

It takes the pressure off as deadlines approach and gives you room to solve unexpected issues.

NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."