If you are comfortable with those numbers and you can wait it out until interest rates improve then go for it.You could also consider putting down a larger downpayment.

It is essential to conduct research on school districts, crime rates, and market trends.2.

Can we do this while maintaining the same loan, so our rates don’t go up?

They have various rates to choose from but I am still looking for a bank with better options.

Many investors fall victim to bait and switch because they do not understand how lenders are feeling right now and what a realistic interest rate/fee structure really looks like. 

I like to see two years on present job and at least a 720 credit rating. 

A robust rental market with low vacancies and excessive demand is good for house hacking, while historic belongings appreciation rates can upload to the overall return on funding.

You can pick and choose from different types of real estate investments without having to do all the research yourself - the fund's sponsor will have already done that for you.DiversificationYou combine your money with other investors' to buy a set of similarly rated assets in different locations using real estate funds.

Some things that make a rental appealing 1 - pet policy (pets or no pets allowed)2 - number of full bathrooms 3 - number of floors (single level vs multi)4 - backyard or lack thereof5 - school ratings (higher the better)6 - crime ratings (lower the better)7 - location to highways8 - amenities (parks, pools, trails, lakes, etc)9 - location to place of employment.10 - age of the property 11 - appliances Just to name a few.

This investor let me know that since I have a track record of buying 3 properties, that the hard money lender will give the investor a better rate and add less points if I help.