For the home loan, if assuming it isn’t an option with your current income, you might consider using some of the cabin sale proceeds as reserves or paying down debt to improve your financial standing.

(The exception to this is loans based off prime which would typically be home equity lines of credit as the Fed funds rate does affect prime) The Federal Reserve meets 8 times a year, while the bond market which actually dictates mortgage interest rates is traded every second of every day of the year.

With a budget of $130k I would make sure that you still have at least 6 months of reserves after the purchase.I would also be careful in certain areas where the cash-flow looks too good to be true..

I have crazy high DTI (like 80 to 1) but large reserves, crazy high credit scores, and fairly small revolving credit card balances ($20k to $30k but paid off each month). 

I have cash for a down payment and some reserves.

Instead were sitting on equity, a handful of SFR, cash reserves, and looking for the next opportunity.

Be prepared for unexpected expenses by building up a reserve fund and being flexible with your options.

Even those who argue US is at this moment ALSO agree it's very close to flipping too China and from there forward, good luck dethroning China because China also has #1 resource reserves in world, with exception to oil. 

I also keep my reserves in each savings so I know how much I have for each property.

Even when you stumble across the limited exceptions, you should always have sufficient reserves in place before purchasing real estate.