This will be based on your rental strategy (LTR/MTR/STR, house hack, multifamily), down payment/loan amount, interest rates, and rents in the specific area you are looking.

Truth is low grade properties are not profitable unless you self manage and get work done for below market rates.

Hi there, My husband and I both purchased properties in 2019 before meeting each other.

For starters, are you sure that you would be able get a 5% rate as a first time home buyer? 

These are some ballpark numbers, but I was thinking around 5 percent interest rate.

I am curious how this process works, what rates/ terms are common?

Ensure 90% of tenants meet preferred criteria.Target Audience:Ideal tenants are clean, responsible, and sociable single professionals, students (with co-signers), and military personnel.

Overall, if they meet your screening criteria, it can be a good arrangement.

If you were me, would you be looking to buy now or waiting to see how the higher interest rates and end of the pandemic (hopefully) impact prices?

I have lived in this home for 4 years now and love my 4.75% rate as well as the equity I’ve seen in those 4 years.