It's fine if you do, just make sure that is what you want.I would not get equity out of your house to buy a property, I think you should do whatever will bring you the most peace.

Its impossible  to precede 5 years from now, most investors have only lived thought a decreasing rate environment.

Trying to make this work by holding will likely make matters worse, especially in the environment we find ourselves today.

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if so, I would personally think long and hard about giving that up and trading for a much higher rate in today's environment.

Just trying to understand why investors shy away from real estate in a "rate rising" environment.

Especially since we would have the peace of mind of having egress windows. 

Fixing what breaks BEFORE it breaks is peace of mind.

I know a lot of people have done out of state flips, but I don't know how, especially in the current market environment.  

Especially with the rising rate environment and our end loan buyers getting tighter with their underwriting.