I live in Chicago and invest in multifamily on the east coast and in the midwest.

I used to see AirBnB arbitrage on social media a lot.

Good luck on starting your investment journey!

The initial effect on mortgage rates was a subtle increase in long term bond yields, however in comparison to earlier this summer residential and commercial mortgage rates are down considerably.For example commercial lenders were in the 7%++ range just a few months ago, and recently are as low as 5.5%-6% and falling.

Super hungry and eager to get my hands on work to earn and learn as soon as I can.

I have been on this platform since college.

I would focus on getting a job and not properties.If you were dead set on it, you could use a DSCR loan as your only option if the lender will approve it based on the property rentability.

Congratulations on deciding to get your license.

Seller would also only receive half of down payment at COE and other half after he leaves on Nov 12th.

The idea would be for them to assume the existing loan and take my half of the property with as little burden financially on them as possible.