There are a few important parts, like up front PMI/monthly PMI/underwriting guidelines that are worth reviewing. 

Thanks,James I would go after a market with an increasing job and population growth.

We moved out of our 2 bedroom and studio units.Like any strategy, you have to do your research, get some numbers, and do your analysis to see what's worth going for.

I was trying see if giving up lower interest rate is worth bringing down the construction loan that i took @10%

More on DSCR loans: DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Plus, as you know our markets aren’t known for yearly rent increases so it’s cute to see when folks run pro-forma’s with such estimates.

I might be wrong but I am assuming the houses are also appreciating just because of the overall housing market trend but I believe the university is also expanding, thus increasing property taxes.

Would this increase my chances of the offer being accepted, considering the seller wouldn't have to pay an agent on my side?

However rents increase   Most mortgages are fixed.  

Metrics like Cash-on-cash return, ROI, NOI, Net Worth, Loan-to-Value.... these things change every month, every year.