But then I thought, why would my chance or the speed to which I get a 2nd deal be any quicker then 1.5 years.

We're in a peak market.

And pricing based on cost of funds with margin for risk and projected prepay speed.

People with short horizons are the ones that may have a legitimate reason to feel the sky may fall (i.e. flippers)Otherwise, for the buy and hold investor concerns about a crash are risks for buying at a peak rather than the ensuing trough that would be more optimal. 

If you look at the last recession, Indy peak price per unit was $59,331 (Cap rate 7.1%) in Q2 2007.

If you look at the last recession, Indy peak price per unit was $59,331 (Cap rate 7.1%) in Q2 2007.

When CPI comes back in higher than expected, expect the Fed to respond by continuing their interest rate hikes, or getting even more aggressive with hikes than their previous guidance would suggest.That said, I am optimistic that inflation is peaking.

I would also point out we're in a peak market for sales and this property is probably over-priced.

A good tip I have heard is make sure you are not at the property when the students and their parents move in, otherwise they will find something to complain about and have you right there saying you will deal with it.I think your thought process of house hacking your second deal next year probably makes the most sense (and mayyybe your third deal), but if you really want to speed up the process, you should make your goal to have that third/fourth one be purchased outright as an investment property to get the snowball rolling.

10% off peak pricing is already here in San Diego.