I'm a little concerned with the current high interest rates and property taxes (Texas).  

Look for places with lots of people wanting to rent, areas growing fast, and schools that are top-notch.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Looking at two potential ways to buy real estate for long term hold rental. property A assume the loan on a property with no equity at 6% interest rate.

Granted the terms I offer a lot of the time aren’t amazing (they have very low interest rates), but that’s the only way I can make deals work.

The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.

and as for rate its market.

There are some pretty good products out there available for investments, where you can do seller paid temporary rate buydowns.

Every dollar into this project is borrowed at various interest rates.

It definitely can help add time back into your life and they can be a great source of information on vacancy rates, current market rent rates, etc.