Debt service could be a traditional 30 year mortgage at 5% with low fixed payments.

Inventory is still very low as well.

Get moving on a pre-approval and start your home search in earnest and you might be in your new home in under 8 weeks.

But, I do get a good return on mine because of low HOA.

Looking for 10% or higher CAP rate from rentals…better returns than index fundsOrBuy and rehab/remodel an existing apartment complex in a B neighborhood and hold…I rather do the former (low maintenance)Location:I was thinking Orlando, Tampa, Jacksonville areas…good demographics, steady real estate appreciation, low unemployment, relatively low real estate prices… I currently live in Seattle area and the prices are extremely high for this kind of project.I am willing to temporary relocate or commute in order to manage the project (wife will take care of the existing business).I am looking for advice, suggestions, comments

., then that is still a low return from the cash flow side of things. 

I looked at doing the same, a 30 year refi, but decided on a 20 yr heloc instead because the interest rate I'm paying now is ridiculously low and I don't want to lose that.

I did quite a bit of diligence, traveled to inspect the property, paid for sewer scoping etc and in the end, my revised offer was apparently too low ($10K of a $445K property!)

Even with the selloff in rates the last few days, we're still near all time lows for cheap money. 

@Dorothy PangI haven’t seen their stuff in a while, but some of their homes uses to be in low Income neighborhoods.