Ed, if you have someone getting $4400 for a 2 bedroom over a garage tell them to do whatever they can to have them stay there.  

@Jorge Ruiz I’m not originally from Dayton but moved here 14 years ago and stay only bc of the real estate opportunities here.

I want to stay within biking distance to work which is in Locust Point.

Stayed patient and found my tennat.

Given the recent jump in rates, looks like even with a discounted payoff at 60% of UPB the borrower's monthly payment would basically stay the same, and that's assuming they're a well qualified borrower which is far from certain, as you pointed out.Will keep looking for my first deal but won't be this one.

The reason is I know which lenders:- do a good job- stay on top of the necessary tasks- know how to be creative within the rules (some people don't fit into the standard mold of a buyer, and some lenders don't know how to get them approved, and some lenders know how to get them approved)- and which lenders can actually close deals.Another reason is, when someone wants to house hack, not all lenders are experienced in it.

And everyone else just stays put because they can't afford to move.

The tenants we received in these properties would usually only stay for 1 year max and always left a total mess and damage when they left.

Staying in the home 2 years and then selling or leasing for tax breaks.

For me when dealing with investors it is staying true to my buyers list, and not deviating from that list.