Establish your investing criteria and objectives, including your risk tolerance, financial objectives, target communities, and property type.

Despite mortgage rates being double what they were two years ago, the overall borrowing environment remains favorable for state and local entities.Key initiatives driving this surge include efforts by entities like the Michigan State Housing Development Authority, which recently launched a $425 million bond sale aimed at providing affordable mortgages to over 2,700 families.

It's essential to recognize that mortgage rates are influenced by a myriad of factors beyond the Federal Funds rate, including Treasury bonds, GDP, unemployment, housing demand, and inflation.

However, it's important to be flexible and adjust your strategy according to market trends, competition, and your own objectives.

This is why it's important to work with a solid broker.

@Matthew Brown There's some quality lessons learned here and acknowledgement of that is important.

They did all the footwork including a good title company.

We do all the paperwork, ( including registering your Rental) and then submit to the city. 4.

That's important. 

Based on your post it looks like you have owned it less than 12 months but seasoning is an important point.