The rate would be in the mid to high 8’s.

I know debt to ratio is a little high, but even when credit cards are paid off we still can't seem to get approved.. 

Read a few books on real estate investing to learn the power of leverage.

I would say, you may be able to get lower rates than mid 8s as my lenders are high 7s for a similar scenario but you may be tripping over dimes to save nickels. 

I am in the pacific northwest and prices here are high compared to some of the investing hotspots around the country. 

The house is clearly abandoned, as the power box is disconnected, AC is removed and someone clearly packed up the stuff. 

ThanksDanb Hey Dan, To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

If you're looking for a market that has landlord friendly laws and high growth potential, I would go with Columbus, OH.

In short, it may be more valuable to pursue areas where the cash flow isn't as strong on paper because it's made up for in other problems you avoid with properties in areas that cash flow well on paper at first but suffer from high turnover, a high level of vacant properties nearby, etc.- Check up frequently on the property and conduct walk throughs as allowed by your lease agreement.- Hire a solid property manager who gets paid to keep tabs on the property for you. 

(High interest rates are temporary) we may not see 3% mortgages again, but I bet we see under 5% on primary residences more often than not over the next 15 years.The mega corporations have consolidated power in the near term.