Here is a historical chart comparing the two:The reality is that a drop in interest rates virtually never make prices go down, they are inversely related. 

I live in Phx,az and recently friend of mine sold his bank (ex bank of america) literally as is and profiteed $300k  , he purchased it right out cash last year (I think) and it was in real bad shape in a shady part of town,  before him taking possession of the bank  homeless people where living inside it an using the bathroom anywhere in the building, he put maybe less than $5k in just cleaning it up and just a couple of days sold it.Basically the idea is to find super cheap homes in ****** conditions but the price is so cheap that you could still make profit by selling as is, investing as little as possible..

With the WSJ Prime Rate in the 8%s, you're probably in the 9%s on your line right now (just an assumption).

I'm thinking of keeping the 2bedrooms at the current rate. 

This is especially relevant to zip code 13224, where there's evidence of higher-income demographics and an increased rate of new building permits, which correlates with a market that can sustain higher-end flips.MoM change in searchesHigh Volume of Searches Related to Rentals: Keywords like "houses for rent Syracuse," "apartments for rent Syracuse NY," and "Syracuse apartments for rent" show a consistently high average monthly search volume of ~ 5,000.

.- Perhaps you think rates are going to move lower.

For instance, if you buy a cheap hot tub it will probably pay for itself if you get one or two bookings that you wouldn't have gotten otherwise and it will lead guests to choose your place even if they are not really going to use it

You cannot spend too much time on any one door because you cannot charge beyond the market rate for any single door, so each door needs to follow the process efficiently and precisely. 

I am looking at my first rental property investment, with the current rates and San Diego pricing cashflow is very hard, so I wonder if I should remove tax property and insurance from my cashflow calculations as they are 100% deductible at some point.

Here are a few: I just saw a LinkedIn post with a sponsor talking about how they are underwriting using cap rate compression, meaning that in 5 years the sales price cap rate will be 50 bps lower than the purchase cap rate.