We got a guy here in Cbus/cleveland who fancies himself something of a youtube star, his listings tend to sit for a long time because they are overpriced, his rent projections are generally pretty high and not reality, and he generally doesn't accept offers with inspection contingencies. 

In some cases this can still be a good option, just be cognizant of how high the monthly payments will be due to the short duration that these loans are for.

I would highly suggest doing a 5 year PPP if you think the home will appreciate 5-6k by the time you next refinance.DSCR, 5yr PPP, 750 credit, 65% LTV Cash Out: 7.624% (no points), 7.374% (1 point), 6.99% (2 points).We crush TX

The guests are horrible, the expenses are very high, and the ROI is awful.

My wife and both make a high income for our area and I feel we could save about $100K per year to keep buying. 

Obviously, you don't want to have a high interest rate locked in, but if it is the only way to close on an otherwise good deal, the short term cost may be worth it.

We have no desire to level down the quality of our rentals. 

@Dan BarthI would hire a professional to test air quality.

If buying becomes more affordable, then there will be less demand for rentals and the rent prices will go down.I can be wrong, just like everyone else, but I think this is a terrible time to buy a property with negative cash flow, even in high-appreciation markets like San Diego.

My property manager immediately began the eviction process using a highly reputable eviction service.