I found one that lends at the following terms: Interest Rate: 5-year FHLB + 3.00%, floor or 5.95% Adjusts every 5 yearsNo cap on rate adjustment (Note: Seems scary)Maturity: 20 yearsRequire 30% down.No prepayment penaltyI am wondering if anyone knows what has been the historical 5-year FHLB rate and any predictions on what it might be in 5, 10, and 15 years since the rate adjusts every 5 years.The no cap on rate adjustments is the scary part, but I guess I could prepay the loan if the rate goes crazy high.Does this look like a good options to secure long term financing if I've hit my 10 Fannie Mae loans already?

Anyway, now you can probably better predict future costs to heat the place.

Depending on your risk tolerance and skill level you may chose to:- Not cash out refinance as much to leave more cash flow or margin of error so your property still cash flows with enough to cover during rainy day (med risk - med leverage) ,- Refinance just enough to payoff the prior investor (least risk/lower leverage)- Or cash out as much as you can till the point your monthly cash flow is lower or near break even (max risk/max leverage), but ideally you bought so low that even if you get out the most allowable by conventional guidelines you'll still be cash flow positive each monthThe good part is the leverage were discussing is a 30 year fixed (if using agency financing) and predictable so you can focus on other variables.Good Luck~

I myself do not plan to sell homes for a longer period of time, but I know that things change as we can't predict the near future so I'm trying to be open to things of that nature.Having explained this - sorry its long - are there any recommendations for either side of this?

Of course, past figures won’t necessarily predict the future, but some homes/condos available for sale have an established rental base and renters that come back year after year.

Taxes, insurance, vacancy, etc. are pretty easily predictable and recurring.

Response is impossible to predict.

Just beware that it's not easy to predict the future so research those growth assumptions.

While it's impossible to predict the future, the 50% rule does not figure in for future appreciation and higher/lower interest rates.

I'm hoping REI will enable me to slowly transition out of the crazy long hours and travel I endure now in to something a little more stable and predictable so I can pick and choose my jobs more carefully to stay local and hopefully one day have a family.