I'm tagging @Russell Brazil, who is an agent in DC.

Thanks @Russell Brazil.

LOL.. you see it as way too hot.. well I have one going now.. see how it turns out... to me its cheap with a ton of upside and not much competition at those price points.. compared to our local market here in PDX>When we are local we can't see the forest for the tree's.... we think all these people that were buying 5 caps in PDX 5 years ago were nuts.. well rents in the last 5 years have gone up about 40% across the board so I guess they were smarter than us locals..

Many investors rent their properties weekly in the summer and as a winter rental. to cover the nut.

@Russell Brazil I'm not sure if there is a maximum, but I know there is a minimum of 1% increase.

@Russell Brazil & @Tom Yung Thanks guys, I was really confused.

That's nuts. 

Russel Brazil is correct.Behind the scenes:When people "shop" lenders, a challenge they have is that CFPB wants us to quote title/escrow fees too because they consider these "loan costs" (even though you will still have title/escrow fees even if you purchase all cash... but that's another argument). 

In my experience, your lender and Russell Brazil are correct.I am closing soon on a property.

@Russell Brazil Thanks!