Additionally, there may be deductions and credits available to you as a landlord.Some potential tax deductions related to rental properties include:Mortgage interest: If you have a mortgage on the property, you may be able to deduct the interest you pay on that mortgage.Property taxes: You can typically deduct the property taxes you pay on the rental property.Depreciation: Rental properties are subject to depreciation, which is an allowance for the wear and tear of the property over time.

If not, better to get an easy one for the first one.....And don't worry too much about the interest rates. they are still pretty low (historically anyway, I won't even tell you what they were for my first house :-)The numbers just have to work, and they can work with even higher rates.....there are other variables, including the perceived high rates keeping a lot of your competitors out of the market.

Investors always want high rents, low prices, and low interest rates.

Hello, before I give my story, my wife and I are looking for a 1-2 bedroom apartment we have a monthly budget of 1750, we both have poor credit, my wife Ariana, Graduated from Brown University last year, she will be 48 in May this year and is currently an Operations Manager II at kent hospital through Sodexo, she makes 75k a year, and approximately 4500 after taxes a month, she has no criminal history, as to our poor credit, we had to choose between paying our rent and electricity during covid, or pay our credit cards, we have never missed a rent payment, and have lived in the same residence for the last 4 years with no issues, we are looking for an apartment because our landlord wants to renovate his building. with that said...I am writing to proactively disclose information that may appear on a background check.In 2009, I was involved in an incident that resulted in a felony charge.

Our area is low on available housing so flipping is difficult but I was able to acquire the remainder of a subdivision this past summer.

DSCR 1 ratio will get you best terms depending on your credit and LTV for many lenders who specialize in DSCR loan products which in many cases isn't banks or credit unions as they don't feel as comfortable with the products as conventional loan products. 

There can be assessments for windows, roofs, siding etc that will kill cash flow, the HOA fees generally make the numbers not work and if the fee is too low, it's likely in an area you don't want to own in.

It really depends on your situation and you probably have low or small transfer taxes not sure of your exact location.In PA just transfer taxes alone depending on your valuations may deter some owners. 

If it's owner occupied, you could buy at as low as 3.5-5% down, which would qualify you for a higher value home.

My wife and me work in tech, we were considering house-hacking with 2-3-4-plexes, but risk is too high here and reward is too low, Seattle is not landlord friendly and we like to have flexibility.