It depends but I align to Chris and add that I think there will be a new normal and fluctuate between 5% - 8% and can look at dips to better your rate. 

It's likely most people are not going to be willing to move over a $25 increase, and if they do they may have already been thinking about moving anyway.It depends on your tenant base though, because some tenants are more price sensitive than others.

@Kesha Hamilton To find my midterm rental rent rate, I start with long-term unfurnished rents and then x that rate by 1.4-1.65, depending on the season.

I found a property that cash flows around $100-$150 in Bakersfield, depending on the interest rate, but I am wondering if it is a good idea to take this and run with it as a first rental, in order to be able to cash out refi in the future to be able to put a bigger down payment on a mult-family property.

It depends. 

@Matt Meier, it really depends on your credit score and down payment amount.

Coverage would be close to 100%, depending on the interest rate and what rental revenue is assumed during the purchase. 20-25% down is fine.

Whether or not househacking would be “worth it” depends on your criteria.

Hey @Spencer ElliottI guess it would also depend on the 'builder's experience as well.

Looking for guidance from this amazing group:Opportunity to purchase a condo for a STR that will not quite break even from a cash flow metric (obviously depending on financing option), but I'm good with that.