I took the family on a road trip to Johnstown and checked out some of the properties, I talked to the local utility companies, the title company, insurance company, etc. and everything seemed legit.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

@David Cherkowsky From a single family point-of-view we haven't found a tool that tracks appreciation.

With your high income I would caution, as others have, about having to work too much in real estate at the expense of time with family or hurting your high-income job.

Is it better to buy a townhouse or single family home? 

Beyond that, why would the makeup of their family status matter?

Essentially, we want an extra room with a bathroom and a small kitchen primarily for our own use and for extended family to use.

@Stacy TringThe only thing this plan is certain to accomplish is to split the family.

And before anyone asks, Multi-families are tough to get, as I've been outbid by cash offers three times now in the past two months.

We live in Southern California but have a lot of family in the north east.