IMO Dutchtown has some historic charm so it will eventually gain some interest if for no other reason than it's well-situated between other desirable areas, but it's much more residential so I think it'll end up more like Bevo with a mix of low-income and blue collar residents that make it very stable, but without much appreciation.

Rates will likely still be historically low in 15 months if a lttle higher than today.  

hi Ned, it's a Fed Hill rental and I feel that capping the windows in aluminum in that area (historic section of the city) might hurt resale   They are anderson windows that a prior owner installed.  

This lets you be one of the 5 that are actually looked at.A few objectively good things that will apply even if you aren't in a hot market...Freddie Mac HomePossible PMI drops off once you have the equity without needing to refinance (what if market rates a few years from now are back to historic norms of 7%)?

Then they try to show high profit numbers that do not match up with historical apartment numbers over decades.

If you go for the ARM, recall that 7% is a historically normal interest rate, so you're implicitly betting that the home will appreciate at least 5% or so, allowing you to refinance and lock in a good 30YF interest rate, before the era of historically low rates comes to an end. 

This roommate has been my roommate for the past 5 years, has signed leases every year, historical rent checks can be documented, and a lease can be signed for the upcoming year saying he will pay me x amount per month.My question is -- Can I claim this future rental income on my mortgage application?

I have a 1907 historic block foundation home.  

He is having his principal paid down and a historically 3-3.5% appreciation in addition to cash flow.

(But also near this area there are some pockets of historical homes that fetch relatively high prices!)