@Robert Gilstrap several reasons:1) Investors think they are smarter than all dumb ol' PMs, so the cheaper idiot the better.2) Investors think PM services are a commodity, so if they all offer the same service, price is all that matters3) Investors don't do enough research to understand everything a PMC does, so in their ignorance they default to shopping by price.Take your pick!

In my opinion, it is better to buy now while there is less demand and then refinance once rates drop. 

We are both remote workers and hoping to get a better understanding of some local markets such as Pueblo, Co and potentially surrounding areas preferably more west.

Whether it's online communities, networking events, or any other innovative strategies, I'm all ears :)Looking forward to hearing your insights and getting to know everyone here better.

I see this is an older post (better late than never) Usually 1% of the purchase price is reasonable.

These markets often have lower competition and can offer higher cash flow potential.Midwest and Southern Markets: States like Ohio, Indiana, Tennessee, and Alabama often have lower property prices and can provide better cash flow opportunities, even with higher interest rates.Value-Add Properties: Focus on properties that need significant renovations or improvements.

If you had told me what I now know is overwhelmingly true, that somewhere between 80-85% of America's millionaires are self-made and do not become net-worth millionaires until they hit their fifties, I wouldn't have believed it, I would have thought there was some trick to the statistic.I know better now.

The best part is, we really get to help this lady out of a bad situation, which for me is better than what we stand to make at the end of the day.So if you remember anything about this episode Im describing, please lmk!

Also love @Patrick Allen's reply mentioning.(1) HELOCs on primaries are easier to obtain(2) High rates may make cash flow difficult unless there is a clear & compelling refi strategyItems I'll add from my seat.(1) Although rare we(Lower.com) offer HELOCs on investment properties, but the terms will always be better on primaries.(2) If you're moving into the next home, needing to only put ~5% down doesn't leave you very exposed to the higher rates of a HELOC.

It'll look way better.