Between lost (or forgotten) coin and government buying, I'd say the total float is too low to ever make BC a widespread 'currency'.

Rates that low don't make sense especially if they're a no doc shop.

Basically all up and down the mid west markets.but you get to other areas of the country were used houses sell for more than New construction  and there are low inventories etc.. and trying to talk someone into a lease with the option to buy  is much tougher to a basic non starter..

With a Conventional Loan you can buy a SFH, Duplex, Triplex or Quadplex with as little as 5% Down if it is your primary residence as long as you have the intention of occupying one of the units for 1 year after closing escrow.This is the strategy I have personally implemented and have assisted many of my investor clients in doing the same. 20% Down is also beneficial as it keeps your payment low but it does limit your ability of buying more real estate faster.i would be more than happy to discuss the different strategies with you over the phone or in person.

@James Tobin  yes FHA will be a very low downpayment option for you.

I also watch occupancy rates and adjust if bookings are low.

However, the rental value this area is very low compared to the Home values and mortgage rate.

The 6.75 rate is a conventional 30 year w low closing fees (the credit union I used last time).

@Samuel Kim Your wife can meet the 750-hour test for Real Estate Professional Status (REPS) by actively managing your 9 rental properties, but careful planning and documentation are essential, especially with low-maintenance new construction.

Now all taxes are based on a super low rate you can’t fight.