Thus, you pay no taxes, get to access the equity locked in the property, and maintain ownership of the property such that 15 years from now you can do it all over again.

Minimal cash upfront, negotiate a monthly rent, lock in a price today that will benefit from any appreciate that might occur during the term of the lease.

Now, if it is in an ultra-high demand neighborhood that is effectively land-locked, you will have more interest.  

Locked in 3% rate from previous owner How did you find this deal and how did you negotiate it?

Hello Ryan, these are some of the kinds of tasks I am thinking about for Boots on the Ground.Lockbox installationKey duplication, meeting locksmiths, digital lock code changesMeeting cleaners, landscapers, tradespeopleProperty walk-throughs via phone and/or video conferencingMove-in and move-out inspectionsPlacing signage on propertiesPhotos and videosScheduling contractors and tradespeople for vacant propertiesStatus reports on contractor/tradespeople progressProperty drive by

It's not to say that you can't lock something down with an FHA loan, but you have to be smart about your approach and be open to compromising.

In addition, the service is often less than stellar and you are locked in to their providers.

No Soft money is due to lock it up? 

Of course I understand rates are changing too fast and rates are not guaranteed unless they are locked.

PROS of this villa: Great tenant, villa has appreciated 100k in 5 years, low HOA fees, locked in a Low interest rate.