How did you get approved to buy this as a single-family if you need roommates, especially with these rates?

The last time I took it, it had a pass rate of only 12%, harder than the State Bar exam.

And non-onwer occupied rates are closer to 8%.

Once you understand a little more about the legislation and laws in place the tenant laws will not be so scary.For a 10k a month cap rate you are looking at inventory that would either be a luxury single family home or a multifam that would be 4 or more units.

So I attempted to make a downpayment on a loan for a parcel advertised on landequities. 

DSCR which has awful rates unless 25-30 down is an option.

Some will argue that prices will only go up as rates come down.  

I keep hearing this is predicted to be the most active hurricane season of all time.As if insurance rates weren't already bad enough in Florida and coastal areas.

We are hoping to retire to this home in 2-10 years and figured we'd buy why rates are cheap and let someone else pay the mortgage for awhile.

It's not unusual to have tenants paying $800 pm what would be a $2000 plus market rate unit.TOPA in any of the jurisdictions that have it doesn't really concern me.