I'd strongly recommend against a single family home and only target properties with at least 2 units otherwise it'll be difficult to cashflow in this high interest rate environment unless you plan on using a large amount of liquidity in the purchase.

Especially in today's high interest rate environment, a low income buyer is usually going to be better off renting than buying.

Prior to viewing with clients, I am usually have an idea of the general area, vacany rates, market rents, and property types that suitable for LTR.

I also have no interest in being in the car wash business, or the laundry business, or the AirBnB business, things like that which seem to appeal to a good number of people, but not me.I like to KISS, and just focus on market rate rentals, 12 to 18 month leases.

If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even.

interest rates and prices are high and people are contorting themselves into pretzels to try to buy. 

You might’ve rate-shopped a bit early, but it’s not a deal-breaker.

Could be a higher rate, lower leverages, higher reserves, etc... varies by lender.Cheers!

The occupancy and nightly rates I provided are for the entire history.

-Getting into a situation where you’re borrowing additional funds to close, which if it is an unsecured personal loan, will have an astronomical interest rate compared to borrowing a secured debt like a mortgage.