I don't think the article factors in the overall cost of living increase.

This loan type has a prepayment penalty unless you buy it down or the property is in a state that has certain rules (sometimes lenders prohibit them in certain states and you're forced to buy it out, which will increase your interest rate).

I have an option to purchase a plot of land in Los Angeles at an attractive price but I do not have the funds to exercise it.

To begin with and develop confidence, start small by beginning with a single rental property or a modest multi-unit property.To choose the ideal property kinds for your investment goals and risk tolerance, do in-depth market research to uncover attractive investment markets and examine local market trends.

But increasing stories like this one, are ruining family vacations/stays! 

However, for Airbnb, a two-bedroom might attract tourists depending on group size.

Finding the right property manager, purchasing the right property in areas where tenants are attracted to live, and having the right strategy is what will determine your success.

But by only reducing $120 monthly, I would be adding about 150 months to the loan term.A 6.5% would only make a small increase of lowering payment by $220.

The shorter the prepayment term has an impact on increasing the rate.4.

If you don't set the rate dramatically higher than your comparable properties, then your chances of finding tenants will increase.