Granted, they may come down slightly, but I wouldn't expect a dramatic decrease anytime soon.  

As the cycle lengthens, the cash flow decreases. 

Also be aware that there are prepayment penalties on these loans so you would need to keep it for 3-5 years unless you decrease the period which will result in a higher rate 

So in most cases operating cash flow will actually decrease because you're servicing more debt (this is offset by the cash out refi so it's still usually a net gain). 

@Alyson Gordon we were originally looking at LTR for the decreased involvement and not needing to furnish a place (and some HOAs are LTR only), but I had not considered corporate housing before; from some brief research looks like this is likely a furnish-required.

There is current negative cashflow at the listing price, little potential for upside, a significantly reduced offer price is required just to break-even or significant rent increases and utility decreases.

This will decrease your Debt-To-Income Ratio to be more favorable with banks for loans and will improve your credit score as you mentioned. 

I do know everyone was expecting rates to decrease in 2024 and here we are, 8 weeks in and they've gone up 35 bps.

.$300 additional each month should drastically decrease the time it takes to pay off your mortgage. 

Will it decrease vacancy?