On Market deal that was sitting for a month.

What markets should I be looking at?

@Shakil Ahmed - would stay away from MFH in Huntsville right now - market is saturated with them at high prices. 

I hear the market is great. 

Option 1:30 Year FixedLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.225Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $2,018.76Broker Fee % 1.25Cash From Borrower $78,081.01Option 2:5/6 ARMLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.025Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $1,990.40Broker Fee % 1.25Cash From Borrower $78,052.65I'm not sure what credit score is being used to qualify BUT this looks to be inline with the current market rates for a 75% LTV cash out on an invest property.

ThanksVarunI'm unfamiliar with the Memphis/Little Rock markets, but why don't you want to continue investing in those areas?

After being a landlord of 4 doors for years, my wife and I decided on selling our property in the insanely hot Colorado market, and we set out on a road trip to find our new home.

What markets do you work?

People have achieved your dream in the 80s when rates were in the double digits.

I didn't pursue because the real estate market was good and rates were at an all time low.