My first house was expensive , rates were high , it was $51K in 1984 .

first off if you have to buy a system those are not true private money lenders those are HML ers full stop.private money lenders are folks that you meet personally.. at REIA meetings etc.. other professionals that you may encounter in your day to day that would have invest-able cash. many of these professionals will have IRA solo K profit sharing plans and those are your perfect investor. otherwise quit wasting your time and find the nearest HML that are REAL  ( tons of fakes) their rate will be basically the same as private lenders generally speaking

You will want homeowners for your side, landlords insurance for the other.One advantage of landlords insurance is that the rates tend to be lower than homeowners rates because you do not insure the contents of the home.

Fayetteville's annual population growth rate is sitting around -0.38% , -0.40% growth since the 2020 Consensus has been recorded.

What rate can I expect? 

Lowest rates to pull cash out are conventional sources, particularly if you owner occupy the house.

Know your financing conditions and interest rates if you're getting a loan for the property.Deduct all costs from the total rental income to determine your estimated monthly cash flow.

It looks like your state allows you to select a provider and shop for lower rates:

A buyer usually prefers new appliances included because they are getting rolled into their 30 year long term financing and even at current rates that is a lot cheaper than buying them later on a credit card. 

If we look at this number, either cap rate move to 6-7 or rate went down 250bps that could help these folks.For office /hotel valuation, we see extreme valuation goes down 85% to 2004 level.