Mortgage rates just dropped a little bit in the last two weeks also. 

The housing market in Corpus has cooled since last year when interest rates spiked.

@Michael Mainini you have options and renting could be a good choice if your interest rate is low.

I recently cold called a list of approximately 500 pre-foreclosure properties and had a much lower answer rate than I normally have.

With these interest rates, if you can find a house hack situation that you are paying the same, slightly less, or I'd argue even slightly more, then I think it can be worth it for these reasons.1) You will get to live in your preferred location.

@Eryn GarciaInvesting in student rentals can be a lucrative strategy, but it comes with its own set of pros and cons.Pros:High Demand: College towns typically have a consistent demand for rental properties, ensuring steady occupancy rates.

Everything was going fine until he realized he couldn't refinance in this current interest rate environment.

I used an interest rate of 6.7 for the calculations. 

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

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