Rates are bad for investment properties and my income and credit is too strong for me to ever consider hard money… my current approval is conventional 20% down, APR 5.95 @30 years, ZERO Points and only $850 origination fee.

I’m really needing some guidance and advise for a property that I own in Colorado ski town.

The potential for Airbnb income being in close proximity to 3 local ski mountains, extensive hiking trails right off the property, and it's on a river which is great for fishing and kayaking in the summer.

My wife and I are thinking about building or buying between  the Ski Resorts and Asheville.  

@Timothy Yost just looked up current interest rates and apr was over 7%.

@Sydney Rae- meet with a local loan officer and get  a pre aprpoval started  - the process is free and  once you  get started  - you can  revise  strategy as many times as needed ...this process  will be  educational and  also  will get you prepared to  be able to  make an offer on a property

I currently have a pre-approval for 700k and am looking to find a multi-family unit with one apt. to live and another to rent out.

The industry has new lower cost solutions to total rehab e.g. glazing old tile and tubs white - Do a pre inspection though - around 1200 - to check for plumbing, electric (amp and knob and tube), flooding, sewer lines, mold, asbestos and underground oil tanks - then get creative.

Taxes will go up (sometimes significantly) at purchase, and investment properties will often have higher insurance premiums.You don't need a full approval if you're just window shopping, but a pre-qualification will help you to dial in what you may be looking for.I can't tell you how many people think they can afford X, but after the payments come to light, they want to stay around X-50%. 

I currently own a Beach condo with 3% apr attached to a second unpredictable variable Heloc loan.