The plan would have reclassified Colorado short-term rentals as commercial properties, thus going from the 6.8% residential rate to the 29% commercial rate. 

I'd expect rates in the low to mid-teens depending on LTV and credit.

If you are comfortable with those numbers and you can wait it out until interest rates improve then go for it.You could also consider putting down a larger downpayment.

I like to see two years on present job and at least a 720 credit rating. 

Can we do this while maintaining the same loan, so our rates don’t go up?

Many investors fall victim to bait and switch because they do not understand how lenders are feeling right now and what a realistic interest rate/fee structure really looks like. 

They have various rates to choose from but I am still looking for a bank with better options.

A robust rental market with low vacancies and excessive demand is good for house hacking, while historic belongings appreciation rates can upload to the overall return on funding.

You can pick and choose from different types of real estate investments without having to do all the research yourself - the fund's sponsor will have already done that for you.DiversificationYou combine your money with other investors' to buy a set of similarly rated assets in different locations using real estate funds.

This investor let me know that since I have a track record of buying 3 properties, that the hard money lender will give the investor a better rate and add less points if I help.