Take Home Pay:  Approx $105K/YearMoving to Colorado in the next 6-9 months Living with a friend for extreme discounted rate Own two homes, one in Colorado cash flows around $250 , one in Florida (property of topic) [Mortgage$3200 HOA $440]

Often rates trend a bit higher compared to the 1-4 unit program. 

What are vacancy rates in your market and does the current tenant plan to re-up for another year?

Purchase Price: $585k with a $100k down payment on a 2.7% interest rate. 

There are variables that can have terminal rates lower than initial rates, supply and demand as well as interest rates are a few.

For 30 year fixed loans, the rates will vary by the NOI and LTV - if you go 60% LTV you could be possibly be in the 5-7's.

They bought several years ago though at lower price points, so I'm not sure how well those properties would pencil out with current pricing and interest rates. 

And, I average 107% market rate on rents.

Don't wait too long, because those gain may lose value based on time, trends, or rates.

Yes, today with the high prices and high interest rates it is harder , but still not impossible.