They provide significant discounts for Bigger Pockets members.

Nobody wants to be around people like this, so I’ve had to lower my rent drastically and have a high turnover rate here.

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The interest rate isn't that huge of a difference between the 15 and 30 so worst case scenario if you have the 30 year option is you start paying it down on a 15 year timeline - sure you'll pay a little more in interest over the 15 years, but it will have been worth it if you bought another house.

The sellers you will be talking to will typically be in a bad situation which is causing them to have to sell their house, and at a big discount.

it makes for a very juicy internal rate of return.

I financed the deal with a conventional loan and bought down the rate from 7.75 to 6.25.

If he must attempt to get the low interest rates of 2021 on this deal, I suggest that he instead look for assumable loans.

Don't expect rates to come down. 

Depending on how it is done and what guarantees the government offers and requires of the released entities, interest rates could move slightly higher.