Quote from @Chris Lo: I may be renting out my house sometime next year.

Purchase price: $190,000 Cash invested: $69,225 Contributors: Taz Zettergren, Chris Clothier This home features 3 bedrooms, 2 bathrooms, a driveway, 1,140 sq. ft., and a single-family detached garage, built in 1989.

Thanks a lot for the replies @Chris Mason and @Gregory SchwartzOur lender said we can do a bridge loan but its around 11%.. id bring in 20% downpayment max, dont want to put too much personal assets into it and the issue is for yr1 w low rents and renovations its def a monthly -3-4k loss. def want an 8% or lower rateNot sure if lenders are ok with an initial cashflow loss, once its renovated we can have market rents and its a great deal after. it listed at 1.495M and we'd offer 1.2-1.25M. i understand the living in part doesnt necessarily bide well with investment focus, but for us thats a big appeal that its in a nice area to even live in

Hi Chris, I have seen some apps that allow electronic rent payments which is my preference.

Quote from @Chris Seveney: @Michael BaumI believe they noted to be another 1/2 point and down to 4.5 by end of year, 3.5 by end of 2025 and 3 by end of 2026.Again mortgage rates are closerly correlated to 10 year not short term rates - so we can see how that reacts and how investors price the 10 year to gauge mortgage ratesI think people think rates will drop tomorrow but the last month rates have been dropping knowing the fed was reducing ratesWell I sure hope we don't see that much of a drop by the end of the year.

@Chris Seveney it is in GA.

I had a similar experience to @Chris Seveney when I got into the land business in 2009.

Have you seen the Property Llama tool by Bigger pockets member Chris Lopez? 

Quote from @Chris Seveney: @Ed HoffmanThere are tens of thousands of posts on here about this specific topic that I recommend you read  Thanks!

Quote from @Joe Yobaccio: @Chris Seveney thanks!