Especially with only 15% down.I've been seeing 10 year interest rates creeping higher and higher above 5% over the last few weeks.   10-year Treasury is at 2.77% today, so even 5.10% is only ~230bps.   30 year amort is also becoming increasingly scarce on smaller deals.  

Perhaps fix up a couple units, increase rents, live there for 1 year, then move on to the next multi family.

In a rising market, I personally wouldn't want a 3-year lease - unless it allows for incremental increases in rents during the lease term.

NPV gives you a dollar figure that represents the increase  (or decrease ) in cashflow for the term of the investment. 

@Tamara Smith Short term rentals can be a great way to increase your cash flow, but be careful about the specific locations you choose as the laws for each municipality are different.

Those where the rent has increased but the value has not, hold. 

Funny question Ryan I was sitting around one day thinking I want to learn some more stuff about real estate, go on you tube and my first video is from Brandon Turner, I'm like it's a sign.

House hacking allows people to start this journey in their own home and increase leverage through FHA and other low-down-payment loan options.There is nothing stopping you from just buying a rental property.

If you are speculating on appreciation this may be the wrong time to get into the market, you will need cash flow to survive.Your best investment oportunity will come from multi unit properties with the use of leverage to increase returns.

HELOCs fluctuate with the interest rate so you need to forecast if you have enough funds to cover yourself in the event of hardships where the interest rate rises, rental rates drop, vacancy rates increase etc.