I never screened for that, just looking at data for me.  3 dozen rentals over 20 yrs.  

.- if you plan to hold the property for just a few yrs - go with the  higher rate / lesser fee  option

Make sure the current assessed value is w/in about 25% of actual market value or you will have to underwrite in a decent property tax bump w/in 1-3 yrs.   

Mine is 5% 5/1 ARM for 20 yrs (fixed 5% for 5 yrs, then adjustable).  

Just another fella coming from nothing, trying to do more although people would consider me successful at this point being only 25 yrs old.A newbie in RE is RIGHT!

Annual expenses are made up of:-$10,000 Depreciation straight-lined (27.5 yrs)-$10,000 Mortgage Interest -$5,000 Prop Taxes All losses have to be carried over due to income limit.I then sell property for $400,000.Over the 5 years, I have accumulated $85K in income, but have an accumulated loss of -$125K, so a net loss of -$40K (-$8K a year) that has been accumulated over 5 years.Now that I sold for a gain, I would owe taxes on $125K ($400K-($325K-$50K depreciation reduced)).

Some just take the money and disappear.Averaging 8 yrs makes me want a PPM that promises to 721 UPREIT.

It's the answer to how does one get 30+yrs of knowledge in 30 minutes, ya-hire the person with 30+ yrs of knowledge. 

But if he's 10 yrs into a 30yr mortgage that was originally 70k, then there's probably a balance of somewhere around 57k remaining.

Also for reference, 21 yrs at $1046 is the equivalent (roughly) of 30 years 100k borrowed at 3.75%.