Here is a thread dedicated to the topic:http://www.biggerpockets.com/forums/99/topics/93120-deal-breaker--mortgage-rate-increase-threatens-boom

A "subject to" purchase, with no personal liability, no or little cash in, and a positive cash flow makes an interesting "option" on future inflationary price increases.

This business plan allowed a rent increase of more than double the rent charged by the former owner.I had a marketing plan that understood the lifestyle and desires of the target market.

Over the next forty-five years our state will experience an 82% increase in population (which is projected to be nearly 46.5 million people by 2060).

I'd budget at least $150/month for the first year and as the place ages after remodel, increasing that number.

And it will hold up fine in Florida's humid weather.At the price point you are talking about there's no way you are going to increase the value of the house with a more expensive floor.

Use the prevailing local cap rate to figure out how much you will have increased the value of the building.

I must say I have full confidence as well as the knowledge to get this boat on the water.Thanks,Keep up the good work guys, knowledge is power.

Any advice for a New investor with the increase in Rates this month looking for make some profit?

Average brokers will say 'no', confident brokers may agree.