All of a sudden a 30 year fixed at today's rates starts to look better.

It's hard to know where we're going because the latest surge in Real Estate prices here were fueled by low interest rates, high income and low unemployment rates.  

But when they've got a couple of MM on line, all of a sudden their legal department is real involved.BTW, I was once a member of a very large "apartment owner's" association.

so as long as you stick to your guns you'll have an extra $500 a month of money by moving into this home and keeping it occupied. that will easily take care of monthly maintenence. i do suggest putting a full 3-6 months of rent into a savings account just in case everyone all of the sudden hates you and leaves. that gives you a cushion to rerent the rooms, sell, or move out and turn it into a girls house. save up that $500 a month for a year and you'll have that ready. then after that you will still need to put all or some of it away for repairs. if you go high and put 5% of the value away then you'll cover your bases. short of it is you may not realize and CASH flow but you will OWN the home which will leverage yourself and your credit. if your serious about buying more homes to rent out try and find a way to make extra money somewhere to put down 30% or so for a convential loan (i am just assuming that you need a much larger down payment for a rental property AND 3-6 months of mortgage payments in the bank in order to qualify...so essentially that savings i mentioned in the first place is going to help you "seem richer" to the banks also).

Then suddenly the borrowers feel they should still be able to get the same terms as a 744 credit score borrower and go shopping "online."

., and all of a sudden something major needs to be repaired or replaced, the people who get screwed are tenants and the neighboring properties because yet again another home is condemned because of it’s  condition and lack of proper managment. 

All of a sudden, my driving force in real investment comes to a halt because it seems I can't find a good return on my investment. 

Then the market all of a sudden became hot.

If suddenly all of our write-offs for interest and taxes go away, won't our properties appear to be a lot more profitable to the tax man?

We also questioned the ethics behind the sudden multiple offers and eventually won that round.