If you are comfortable with those numbers and you can wait it out until interest rates improve then go for it.You could also consider putting down a larger downpayment.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

The longer the pre-payment penalty you select, the better your rate will be.

Down the line if you start to have too many properties to self manage, increased rents/lower interest rates may allow you more room to do so.

If you own a vacation rental in the Smokies, it might feel like demand is soft. And it is soft. But compared to what?
As I look at my company's pace report, most properties are merely reverting back to 2019-esque num...

@Kyle Klineall great questions and this is the challenge right now with both prices and rates high. 

Im assuming getting a lower refi rate would lower payments also improving my DTI Ratio ?

Does anyone know how true this is and if mortgage rates will keep going up? 

But if an old carpet needs to be replaced, that shouldn't come out of her SD.Or it could be pro-rated. 

@Chris Good logically, it depends on the Class of the property/tenant.Class A property/tenant: annually BEFORE lease renewal, to make sure they are taking care of the property and you want to renew.Class B property/tenant: at least annually, maybe bi-annually depending on "vibe" from tenant.Class C property/tenant: at least bi-annually, maybe quarterly.