Only when needing the lower rate to qualify for the loan. 4.65% is very low, consider we did investing for decades with 10% money.Homes usually are held for 7 to 10 years, so your savings on interest is limited and it's tax deductible to boot. 1-your tax rate times the interest rate is your real after tax cost. 

If so it will be more $Anyway to give you a ball park: it should be 4.5K each (parts and labor) on the low side and 10K each (parts and labor) on the upper side.  

Any of these strategies will work, since you bought low.

I would buy a partial or entire low balance note; or JV with an investor who buys NPLs and does a workout etc.

With my low-income being a student I wouldn't get approved for a decent mortgage from a bank, so my question is:Who are the best lenders that would approve me for a mortgage?

Problem is the area is one I don't like, bleak job growth, low class, challenging tenant pool and needs really good, strict management.

I have noticed some potential low cost rental properties in my area for purchase.

The real reason was long-term low interest rates.

If they stay low a long time and you take the money you save and use it to pay down the principal, you may have made an excellent choice.My opinion is most people are better off with fixed rate loans.

 $42,000 is not all that bad, I see some comps where other investors are buying from providers I have never heard of in the mid 50's ' low 60's.