@Mindy JensenNo bus hits here...BUT...had one borrower pass away and another get the house seized by the FEDS.

Specifically in my area demand continues as we have a lot of military that come in and out and favor the area. id like to hope that holding for three years would be beneficial but I’m honestly concerned with the housing market climate and the actions of the fed 

I have friends in Fells Point, Fed Hill, and Canton so that’s where I’ve been mainly looking.  

Three weeks ago RE SBL rates were down to around 5.5% for boston (top market) - but I think those are up to around 6% after the last fed increase.  

Is it the grass is greener side concept or would you say Cleveland is actually just that good of a real estate market?

To combat this, the Fed announced that it would be raising interest rates.

If the Fed accomplishes their mission of reducing inflation, they should start to slowly back rates down to earth (maybe not as low as they were, but lower). 

If the tenant decides to take the responsibility of the lawn and the grass dies deduct it from there deposit when they move out.

My properties rent for a rate where it may end up a recovery situation for someone downsizing but I'm pretty confident I can get them rented wcs.My concern is ever having the ownership of my property management decision rights returned from the feds.

I am under contract on a 3 flat and the loan was sent for review and to sign today 25% down, 30 year fixed conventional, Loan amount $341,250Rate: US treasury 5yr +3.2% margin so right now its 7.35% but can increase as the fed continues to increase until loan is fully approvedPre payment penalty: 5% penalty at year 1 dropping 1% a year for 5 years can pay down 20% principal per year without penaltyOrigination fee: 1.5%Process fee $1500Those are the big numbers but the origination fee seems a bit high especially when there is also a processing fee which my understanding of an origination fee is to cover the work of the lender.