The amount of capital required depends on the city's appreciation rate.

Compare Loan Terms – Ensure their rates, fees, and terms align with your investment goals by getting multiple quotes from other lenders. 3.

Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.

Thought about refinancing at the time, but didn't do it before rates exploded.

If have investment property, we are looking for relatively updated units (we are ok doing some work ourselves), class C+/B tenants, with rents either close to market rate or that can be increased.

What am I missing (besides in some instances you have a lower interest rate but do not get clean title to a property)?

If get somebody inexperienced at a discount, you are taking a chance. 

But it is constant rate oversite... 

If it was due to a natural disaster they cannot raise your rates.

It is the interest rates at which banks lend to each other and is short for Secured Overnight Financing Rate.