My husband and I are looking to buy our first ever real estate investment out of state (we live and rent in NYC. we do not want to buy here due to high cost of properties and high tax rates).

We in the Tampa area are up 15% YoY and you can still cashflow at current interest rates/ADR's. 

Are the ground contact lumber usually 20 year rated or are there different ratings and any that would be more than 20? 

P.S I'm a little anxious because this is my first time using the BiggerPockets forum so please be patient with me!

I assume you are referring to 3.5% and 5% down,Well the 96.5% LTV FHA Product is great, it typically offers more competitive rates than the 95% LTV Conventional product.However there are stricter requirements on the property for an FHA product.Speak with a broker who knows what they are doing and they will point you in the right direction.Neither of these products will qualify for 5+ Units however, stick to 1-4 units.

PartnershipsI would suggest 1, 5, or 6Note this table is from 2022 so rates are up a little higher...

Hello, long-time reader of BP, first-time poster!

Hello I dont know how to do all the rennovations I see my brothier doing at his rental project, I just feel like at a base leval I dont know anything no matter the history and work, how am I going to buy my first deal when I dont know ****  pleas help me dial it out of this hell  refering to the rehab skills mainlyhow to deduct all deffered maintances and otherwise I make 1k a mouth but what happens when a major rennovation takes place

Hi Julie,We’re looking at a very similar situation with a house owned by an estate where one of the family members wants to remain in the house but at a significantly reduced rent rate.

High credit profile DSCR borrowers are seeing rates in the 7% range.