This includes hiring an inspector to check for structural problems, arranging for a pest inspection, and getting a professional appraisal to ensure the property's value matches the bank's asking price.

Your lenders may not know this yet, but eventually they're going to find out.

I hope this provides some guidance and clarity! 

At this point, I feel like both were wrong and I should just get a land appraisal.

If you're looking for the first or next house hack this year, then you're probably doing a lot of research on areas, strategies, layouts, etc.

I am quite new and inexperienced when it comes to this type of investing and so I am trying to find my niche. 

This could drive demand for rentals as people hold off on buying.Impact on Investors: If you're looking to buy properties, higher mortgage rates might impact your ROI.

Rushing through this stage is a recipe for disaster.

This would be our first STR.

I have had this job for 3 years.