I'm looking to buy my first house hack in the Salt Lake area (already prequalified) and wanted to share my thoughts and questions about the current market.As I'm sure all of you know, interest rates are on the rise and the Fed has announced they will continue to do so.

The grass is a foot high, the place isn't "move-out" clean, there are a couple of broken windows, etc.

The feds aren't picking up beach renourishment anymore nor channel dredging.  

Sometimes the greenest grass is in your own yard lol.Good luck out there!

If the fed decides to sell part of the 3 trillion of treasuries and MBS then rates will go up.I would not assume that rent follow interest rates but do generally agree that rent can follow inflation.There are also interest rate derivatives that could be used but that would likely not make sense for most folks, as the transaction costs would outweigh any benefit.

Thats still 6 years in the future before I hit my first adjustment period, and Im sure in that time my rents will likely grow more than the amount of the adjustment.With rates the way they are now, and the overtures of an increase we have been getting from the Fed, I see little reason to not go with a fixed rate if it is an option for you.

.- who pays town fines for violations of  the tenant (i have this pass to the tenant)- who is responsible for grass and snow. 

If they choose to plunge toilets and cut the grass, that's not investing activity, and only people who buy sub-par properties are content with that set up.

@Justin FoxThats my point, The reason the Feds balance sheet has gone from 800 billion in 2007 to 8 trillion today is because of these guys. 

My broker and I are really fed up with the overblown claims about all these wonderful properties presented in the listing.