Mortgage rates just dropped a little bit in the last two weeks also. 

Avoid places with high crime rates or those not showing signs of revitalization

@Michael Mainini you have options and renting could be a good choice if your interest rate is low.

I recently cold called a list of approximately 500 pre-foreclosure properties and had a much lower answer rate than I normally have.

With these interest rates, if you can find a house hack situation that you are paying the same, slightly less, or I'd argue even slightly more, then I think it can be worth it for these reasons.1) You will get to live in your preferred location.

@Eryn GarciaInvesting in student rentals can be a lucrative strategy, but it comes with its own set of pros and cons.Pros:High Demand: College towns typically have a consistent demand for rental properties, ensuring steady occupancy rates.

Everything was going fine until he realized he couldn't refinance in this current interest rate environment.

As interest rates drop, house prices will go higher.

What are some creative ways to help the current tenant during the transfer of ownership?

I haven't noticed a drop in rates.