The house is in a pretty great neighborhood with excellent schools and options to commute to most parts of the bay area and I am confident that I will be able to rent it out soon. 

However, once we started the process interest rates skyrocketed so we paused, to see if they will come down a bit.

I thought it would be valuable to kick off a discussion about the latest economic headlines and their impacts on our strategies.1️⃣ Interest Rates on the Move: With recent fluctuations in interest rates, how are you adjusting your financing strategies for acquisitions and holding properties?

It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate. 

Asking 1M but I'm thinking 800-900K, thanks  ok, then that would work for 30 year fixed programs in that same rate range. 

My hourly rate is very low, and I make most of my income from over time.

Also wondering if LTV rate would change if we occupied one unit?

Property taxes are also higher in AB than BC (for properties with a similar assessed value).I bought in BC when interest rates were lower, so it was easier. 

The other reason is that you need to keep those interest rates low, very low.

On that program it does require 'Full Doc" income so W2 or 1099 income would be required.DSCR also offers 30 Year Fixed, ARM programs for lower rates and Interest Only which can help with first few years initial cash flow.