The benefits on the lending side are huge--lower rates and much lower down payment requirements.

I haven't noticed a drop in rates. 

I used an interest rate of 6.7 for the calculations. 

I believe it was just a flat rate per property per month, and quite inexpensive.

My personal opinion is: once the renovation is done, property is rented and generally stabilized, I take out a fixed rate mortgage.  

One last challenge is their estimate of property taxes - they are all VERY low:(Michigan has some interesting property taxes because there's a Taxable Value and a State Equalized Value, as well as Homestead and nonHomestead millage rates. 

You are just as likely to have the rates climb while you wait on this subpar company as you are to get a better deal.

I have a great interest rate at 2.64%.

I'm basically looking for the following fields (or whatever I can get):- Median Sales Price- Median Rent- Vacancy Rate- 5 or 10-year Property Value Appreciation Rate- Any historical values for the above to compare against currentAny tips/bits of wisdom folks can share would be appreciated!

The recent interest rate hikes have taken a toll on this deal for me; however, because now my lender is telling me that because of the changes, I need to pay off more debts to make the deal work.