Interest rate is certainly important for your personal finance reasons, but not really that important for getting that next mortgage compared to everything else.

These situations have made me less confident in my tenant picking abilities...the bulk of our units focus on a niche market of pilots and flight attendants only and so far my recent attempts to diversify that to include a few “traditional” rentals have been one headache after another.

However, I constantly stress about the amount of debt I have compared to my income. 

For example, when the jobs go down or layoff in SF in 2008, slight dip in prices but not much compared to say Las Vegas.Terry

Phoenix is a great market and will probably start you off with better cash flow off the bat, compared to the others.

Property taxes here are super low compared to surrounding areas.

I am concerned about us being pre approved (low credit scores) to purchase a multifamily and do a traditional bank loan, or likely a rehab loan as most of the multi families in our area are in need of updates, and more expensive than a property we could find to Fix and Flip.

traditional vs commerical loan?

Hi all ,I talked to a friend of my parents yesterday , who is long term investor .35 years ago he sold property in big city and bought a ton of places on small city Midwest , chasing cash flow .But now he regret , he wish he kept his property in big city because appreciation is crazy while his small town investment , even after paying off mortgage and after 30 years foxes etc still didn’t value much compare to 30 years.I just release might be we should not chasing the cash flow so much and buying to small Mideast Midwest towns.

Perhaps $2K or less if the contractor doesn't have to rip open walls or get into any tight spaces.So, if this were my project in a comparable area, this is what I'd budget:- $4K to replace furnace/condenser- $4K to replace all plumbing- $2K to replace all ductwork- Whatever the cost is to fix/replace the damaged sheetrock needed to get to the plumbing/ducts.If the Scope of Work is less, the cost should be as well...