I recommend being as precise as possible e.g. choose a market if you haven't already.

But the charts at the bottom of the analysis dont reflect this. 

I see the chart but it doesn't have Reno on it and you don't mention any numbers for Reno to compare with that chart.

If the 10 year T drops more do to recession fears rates will drop lower.Here is the chart, 10 year treasury vs 30 year fixed, they are usually 180 to 200 BPS apart and when near or during recession that number can go way up. 

But for cheaper area in Indiana somewhere or somewhere with less appreciation then IO product could be useful.When people understand how these loan works (and visualizing it) following the appreciation chart (for example using ZHI) this is the real easiest wealth generator. 

One thing I would recommend is to use a gold chart to see what the highs and lows are.

You could also lease it out for 2-3 years and as long as you have lived there for 2 years then your taxes will be zero when you sell unless we have a house appreciation pop that is off the charts that surpasses the max benefits (unlikely to happen).

a lot... a ton.... off the charts.... not even close...Check real comps in area

Check out this data visualization I made showing migration by county, the rent/price (1% rule indicator) and population data. I found it useful for finding the best place to invest in your area or the entire county if...

I'm have actually invested in Mexico and not in the US precisely in order to get higher returns.