HI I signed a purchase agreement for a home in Eureka, CA at the end of September 2021 that clearly states in section D, (loans) " this loan shall be at a  fixed rate not to exceed 3.5% ".

If you buy into a declining market, just because the year one cash flow looks great on paper, then you can get yourself into a "value trap" whereby your rents go down over time on an inflation adjusted basis, and eventually all your cash flow and more gets consumed with CapEx which does keep up, and by the time you realize this you can't sell at profit because prices have also not kept up with inflation.

We are a bit different, since we can't participate in Section 8, so we are the next bracket down.  

You apply to include your property in Section 8 when a tenant prospect with a Section 8 voucher chooses your property.  

@Steven Hughes My #1 takeaway from running a direct mail campaign is don't get trapped spending lots of time in negotiation and number crunching just to find out that they aren't really motivated.

Tenant "Can you replace the dryer, its not drying"Me "Have you cleaned out the lint trap?"

The offending text of the bill is in section 101(3)(e), which defines who is exempt from being a ‘licensed mortgage originator’:'(E) does not include, with respect to a residential mortgage loan, a person, estate, or trust that provides mortgage financing for the sale of 1 property in any 36-month period, provided that such loan--(i) is fully amortizing;(ii) is with respect to a sale for which the seller determines in good faith and documents that the buyer has a reasonable ability to repay the loan;(iii) has a fixed rate or an adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and lifetime limitations on interest rate increases; and(iv) meets any other criteria the Federal banking agencies may prescribe.

As @Jay Hinrichs mentioned, Joe Kaiser got into quite a bit of legal trouble doing this, so check into that ...Bob Diamond is an attorney in the Phila area, who used to be a BP member but I think he was booted off for pushing his wares here in sections of the forum where that is prohibited.  

My guy also signed a three year lease so he is kind of trapped unless he wants to go to court to break his lease.

You are probably going to fall victim to the frugality trap.