@Chris Youssi i was hoping there was a 30 year amortization program out there, but maybe the lower rate ends up a better deal.

I used the lower end of prices as leasing price and after repair value based on the Zillow estimate.

I am thinking 150k-300k ARV, those would be lower range to mid range around me, maybe a bit lower if it was a town home or condo, depends on what a lender would do for me also.Thanks for the response.

Now that they pay it, it's down to $75/month.However, our 6-plex (10 adults 3 kids) runs about $81/month for water/sewer, but our water rates are obviously much lower.

Interest rates are helping to sell because of the lower payments but if they start going up less people will be able to qualify. 

It's actually not that desirable and the discount isn't much lower than market rate ( or rather what'd you could get it for on MLS).

The other advantage to an MLS listing is that you'll experience much lower vacancy (provided you've priced correctly) because your property will be recommended. 

Rents there are lower; but in these areas my daughter and her friends choose to rent a large apartment and all live there, each has a room, and/or a roomie.

If the rates go down, you can always refi and get a new loan at a lower interest rate. 

This works better at a lower price point, since the rent curve is more flat than the purchase price curve.