For your second concern, you won't be able to predict what an underwriter will say, but you can ask up front.

Hey Rachel,What is your prediction that the rates will drop to?

How many investors predict they will file bankruptcy or get divorced?

@Babek Sandhar I remember a post you did a while back that predicted this crisis mirrors the Great Depression.

Or we could list at X price on the MLS and try to predict the net to them and Days on market.  

But I think it will normalize appreciation levels soon as UCLA predicts.

There will be costs that come up regarding home ownership that you may not have predicted.   

Market appreciation is something you cannot control or even predict that well whereas cash-flow is much more controllable based on how you manage the property. 2.

Even after 01/01/2017 I believe they will have yet another rate increase of about 10-15% above the usual inflationary increase of 3-5% as they set these rates in 2012 trying to predict what is sound in 2017. 

In fact, after about six months things settled down and got more predictable.