But you might find that a different reason 'could' lead you to the same result / conclusion.You're a ways off from this point, however - 'regular' financing terms are typically offered for homeowners on primary residence(s) and if you lock in these terms, most banks have guidelines for a maximum number of these loans they will underwrite to a single borrower (8-10 per person/household) - within this very favorable world of long term fixed (and low rate) financing. 

Yes, nothing is guaranteed but we  I was thinking that an IO allows me to buy a bigger house, hold it for 5-8 years and use the appreciation profit for the next house on a standard 30 fixed.  

In San Francisco $200,000 is not an uncommon household income.  

Bank finance will make sense for the owner occupied assets that we will go after and also the single family households.

Of course depending on which American area you are comparing it to.Why folks do not skip all these silly one-dimensional ratios and focus on learning solid business accounting principals continues to astonish me.Our our cash flow rates are lower than those in the U.S.A. on average because many markets in the country are fully or over priced  - current real estate prices are not supported by the underlaying economy and the rate of divergence of real estate prices from household income continues to increase.  

Unfortunately the post office only holds it for a certain period and had already sent the certified letter back to the sender.I am assuming it is a cease letter but I have no way of knowing which household sent it which makes me hesitant on sending follow-ups.

Remember that household cashflow is based on the payment, not based on the rate.

Black mold is like any other household growth/contamination...it doesn't come back unless the conditions that caused it come back...did the remediation company give you a certificate or warranty?

Current status:Wife and I are employed and rather high-income earners (total household income >1M), but because we are employed, we are getting destroyed on taxes.  

Garrison Householder congrats!