You can still easily achieve rates in the low 7s depending on LTV for a DSCR cash out refi.

Property prices are very high in this region, and it seems unlikely that rental properties will generate positive cash flow due to the high cost of homes and current high interest rates.

It’s a heavy tourism area with year round demand and tight restrictions on STRs that keep room rates high.  

It is a 4 unit home with a decent cap rate (7%) in comparison to where I am looking.

Require the applicant to sign a Holding Agreement, with a requirement that they pay a non-refundable holding fee for June (pro-rated) and July.

Personally, even with interest rate uncertainty and election year hysteria, I am building a stronger and stronger conviction around the fact that I need to get a little more aggressive in acquiring more income properties.   

Lender paid compensation is when the rate goes up on the loan to pay the lender for the so it might take a 8.125% base rate to 8.375%.

You hardly build any equity in your first year, it makes sense to refi only if the rate is substantially lower or if you can get rid of mortgage insurance.

But I can tell you dig deep into your pockets it aint cheap 

Still not sure what direction I'll go, but STM is definitely on the table - thanks for the insight.Do you think cash flow opportunity changes if you are able to purchase higher priced properties and get good rates/put decent down payments on, or is it just a Denver/high price city issue.