At 4.25%, that’s a favorable rate, especially in today’s environment where rates have risen.

Also, they know things about where you are working...Keep in mind that your municipality will have codes and regulations as well that can be hidden costs. 

I would assume this is not something someone would have a goal for as their living environment, but would have to settle for it due to their low income. 

I would always check the condos fine print rules and regulations and see if short term rentals are allowed at the building.

It's awesome you are considering where you want to be and flexible with that.I'd look at your high growth markets, where there is a diversified economy, job growth, income growth, population growth, business friendly environment. 

I understanding is the TN has some crazy rules and regulations that complicate this process. 

Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors  but that’s a short sighted approach.

I once had a client in a similar position, and we broke it down together to see what made the most sense for him;l especially considering his W2 income and the current interest rate environment.

I can not fathom how you were not informed that this was a DSCR loan and you should absolutely inquire about the specifics such as whether your are IO or not and the pre payment penalty. 8.4% is high in todays rate environment, even for DSCR.  

The state’s favorable business environment, reliable energy grid, and central location make it attractive for data-intensive companies like Google.Additionally, Verily Life Sciences, another Alphabet subsidiary, relocating its headquarters to Dallas is another testament to the region's growing appeal for tech and life sciences companies.