The rate and terms you received on your loan are based on how the lender underwrote your occupancy.

Some folks will give up the premium lake front to save a few bucks.This data will give you a broader perspective on the market and help with the rates.

Investors find mid-term rentals an attractive proposition due to their balanced approach to occupancy rates, operational costs, and return on investment.A Market Driven by Change:The increase in remote work and the global mobility of the workforce are significant drivers behind the rising demand for mid-term rentals.

heloc terms are not the same as fannie mortgage terms (like @Chris Mason mentioned)for instance I have a 90% heloc on an old primary that was ZERO cost, and the rate is prime -.001%. this additional LTV might help your cause. a heloc is also not necessarily due once you move.

Do you charge points or get a good rate?

As we get closer and closer to rates pivoting, you're going to see these same people unbuckle from US debt into US hard assets even more, we've seen a glimpse of that thus far this year.

Meanwhile, South Metro Atlanta is seeing a surge in interest due to affordability and transportation access, though it may come with higher vacancy rates or require more research.Regardless of location, thorough research is crucial.

While I have 25 “doors”, my cash flow is such that I actually need about 45 “doors” at my current rate to be where I want to be financially and then to continue on from there.

I'm noticing that with interest rates being at 7% the margin for profit is slim on most if not all properties.

House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.