I do a lot in Detroit.The quick good/bad:- S8 tenants tend to be rougher on the property (but not always)- Paperwork/inspections/etc. can be burdensome and tough to navigate (especially initially)- People often think FMR rates are guarantee rental rates but that's not the case- Usually the rent isn't 100% subsidized and a lot of people don't realize this- S8 tenants tend to stay a lot longer than cash tenantsOverall, I'm neutral on the program.

Curious to hear what folks think this will do to mortgage rates, especially since it's arriving on the heels of a booming jobs report.

Interest rate?

Typically interest only for a couple years, rate a little higher but i/o payment lower.

Space rated 3 Star is the most dominant subtype, with a total number of 392 units in this category, followed by 224 units of 1 & 2 Star space.

As soon as interest rates started climbing distributions got paused.

exchange rates?

If you plain simply want to pay off the hard money loan, you can go up to 80% LTV on a rate and term refinance, with no seasoning requirement. 

Total Investor Home Purchases Are Unlikely to Dip Due to Rising Interest Rates | CoreLogic®Good luck

That is going to make finding a deal that makes sense difficult, especially in this interest rate environment.