You are better off looking in Tulum for many factors: 1.

Still I suspect we will continue to keep it forever (we hardly ever sell a property).  

The thing we have to remember is that interest rates are not the only factor here.  

My fear is that we conclude our due diligence period and pay for all inspections at which point we will forfeit our earnest money and the sellers take forever to find a home or never find one.

In studying past auctions I can't seem to find any one particular factor that correlates highly with 3rd party winners (vs. bank taking it back).

@Edwin GachingaYes 7 of the 8 are positive cashflow according to my rental calculator which factors in capX, vacancies, property management, repairs.

My wife and I just purchased what we see as our "forever home" (5.5 acres in town at the back of a quiet cul-de-sac) and we're moving to that property in roughly 75-90 days.

Is there some places I should spend more of my time searching in vs. others because of this fact?  Or

. :)Property management companies might charge more if there is more maintenance, and you might need a super if the tenants are not used to cleaning up after themselvesIf you total all these up the 2% rule-of-thumb may not be the returns you're looking for, especially when you factor in the tenant headache you are dealing with.Last point: often if you buy a property for $30K you will likely be selling it for $30K in 10 years, so don't expect to necessarily get rich off the appreciation.With all that said don't let this stop you looking for property, because you MUST start somewhere - we all did. 

Max dti for automated approval through GUS is 47% housing ratio and a 57% back end ratio (and this is pretty much everyone, lenders don't manually underwrite unless there is an automated approval issue) - even then 31% and 43% are just placeholders, HUD allows 37% and 47% by meeting residual income requirements and no further compensating factors on R/E loans, and you can exceed 37% and 47% (most lenders will cap back end at 50%, but you can go to 57%) with strong compensating factors, such as assets.