It is holding me back from proceeding because of lack of money to lock in contracts.

Now I have equity locked in and couldn’t qualify for a heloc due to credit as well.

Excellent location in Mesa.I shopped around and I found a mortgage broker who was able to get me a 6.99% rate who took the loan to UWM (united wholesale mortgage).I negotiated a $15k seller concession I used for a 1-0 buy down so my rate for 1 year will be 5.99% and then revert to 6.99% for 30yrs. and then we used the rest of the concessions for closing costs. in 6 months or 12 months I will revisit to see if mortgage interest rates dropped significantly to justify a refinance to lock in a lower interest rate.part of the approval process for the Fannie Mae 5% mortgage is to make sure that i could afford this property and that i have good credit, my income is consistent and stable and it reflects that on my tax returns, I have sufficient capital reserves for the subject property and my other 10 Multifamily properties (6 months of PITI for the subject and then it's percentage based off of the loan amounts and how many properties you have)I agree, the more that government "helps" they therefore are increasing pricing.

If the tenant calls and says my door lock don’t work I deal with it nor I call a handyman.  

Get a lockable controller and set it and lock it, so tenants don't turn it off. 

(Say on the initial purchase if someone is buying right now).3) I can lock in a guaranteed better rate now and enjoy the lower monthly payments now, and only pay maybe 1 or 1.5 points instead of 2-2.5 points later when I have to hope that rates come down again.4) This also saves a lot of time which is an important consideration as some refinances can take 30 days and a lot of paperwork gathering and headache etc.Again, my thoughts on this largely revolve around risk aversion. 

I had to have it paint it, as a result I had to have the rest of the doors painted in the unit so they all looks same color.( Most of Other doors chipped by them.)4. part of lock for my patio sliding door is missing, both the doors can’t be locked.

Now I have equity locked in and couldn’t qualify for a heloc due to credit as well.

It also gives you space to store things in a locked cupboard and create a mudroom with the laundry.

With rates expected to be cut next month I would suggest a 3-6month CD to lock in the higher rate as long as you know you don’t need the money early.