They are either covering the PMI in the rate or it's a CRA program with income limits. 

. $40,732 mins expenses..At a PP of $1.25M with 30% down ($375k) you'll be short of a 10% COC return..Also 7.2% seems like a very strong rate on a 10plex.

I would consider Pelham a better area than the ones mentioned above, but the acquisition cost will be much more and the CAP Rate will be less. 

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.

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

My questions are:a) Is it worth paying that 15 year note off earlier with that interest rate?

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

According to the mail clerk at the final Post Office, they received the mail, scanned it and dropped it in the correct mail box that only the owner has access.

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

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.