As for the electric heating bill baseboard electric is expensive and I know RI energy jacked their rates so you can't be much different.

Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business)  , experian score 630  1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.

@Vy Lewelcome. i'd read this:https://www.biggerpockets.com/forums/48/topics/1159104-overl...it's gotten especially challenging to invest OOS with prices AND interest rates both so high. 

On the other hand, I am locked in at a 3% interest rate on a home that will likely continue to appreciate well.

Today’s Interest Rate: 7.09%(☝️ .17% from this time last week, 30-yr mortgage)Well, crap.

Hi Whitney: the BRRRR strategy has been significantly impacted by the higher mortgage rates and lower LTVs.

Divided Opinions: Academic economists polled by the Financial Times believe the Fed will likely maintain high interest rates for longer than anticipated, potentially hindering rate cuts this year.

So my current terms are killing me with the rates.

If you do not have experience you will get industry rates. 

No appreciation last two years due to rates.