I notice a few comments from out of state lenders/brokers that are referencing what seems like the property taxes and/or transfer taxes, not mortgage recording tax.In NYC transactions, property taxes are pro-rated and sellers + buyers pay for the portion they're responsible for (depending on the calendar schedule of the county + closing date). 

Consider both median home prices and rental rates to align with your investment strategy.

It will work out better for him in the end because rent rates are increasing faster than social security income.

I am curious to hear if anyone has experience with a "better" RMS that has better data and can more accurately map rates. 

I have my own website, but I link over to that one once a guest clicks on Rates & Reservations.

Hi Ally, at what rate you're going to borrow money against your house equity.  

If you think this is a loan you will keep a while you could consider using the extra seller assist to buy down the rate. 

I purchased a home on my own 2 1/2 years ago on a 30 year FHA %3.375 rate.

Look for areas with high rental demand, low vacancy rates and potential for appreciation. 

Two things to consider:- before rent control in my market we got rid of undesired tenants by raising rent to above market rate.