The high rate of electric vehicle charging installation and solar installations are making these kinds of electrical parts hard to find. 

This is not to say this is the only successful method of real estate investing, but as I'm sure you're well aware, with current interest rates and overall market conditions, sourcing and acquiring LTR deals is difficult unless you're going off-market. 

If the other options fail, that allows you to keep the 3% and only pay the higher rate on the repair in the meantime.

I wouldn't touch Cleveland till it crosses 250k average housing unit which at this rate is probably 2050 

The same lender said if they could come up with the other 5% they can go 30 year fixed interest only..This is more attractive for cash flow on a higher loan balance but will still be qualified based on the fully amortized rate and payment. 

In every sector of [commercial] real estate, not just office, because of the 500 basis point increase in rates that was vertical.”

Besides the fact that you'd need less funds to start a house hack here than invest out of state, your overall ROI is likely to be significantly higher than a random cheap market OOS. 

Secondly, I have funds to invest and am hoping to learn as much as I can about investing and maybe team up with others on a deal.

This scenario often allows investors to purchase properties at competitive prices, potentially increasing their return on investment​​ and have smooth investing experience.Quality Education System: With several highly-rated public schools, Katy is an appealing location for families.

What is a good target interest rate and terms?