Just make sure they lock your rate upon pulling your credit, if they float the rate then go elsewhere, as that opens the door for a bait and switch.

People have keyword alerts set up, and then someone arrives and pitches their town, which then triggers a lot of other keyword alerts to be triggered.

Part of my hesitation though about doing that is that I live in a pretty highly appreciating market and am locked in at a very low interest rate of 3%.

Side note: possibly labeling is what caused the disconnect in your situation, to begin with.Specifically in your case, your re-negotiating of the option credit does not trigger an immediate taxation.

Hey everyone, I converted my previous residence into a rental and have a VA loan locked in at 2.75% for 175,000. 

We are firmly in a seller’s market.The rental inventory had a similarly rapid decline in Q1 and has remained below one month in Q2.The stubbornly low inventory for both sales and rentals can only mean one thing—rising prices and rents.Interest Rates in 2024The interest rate dipped by about 0.5% starting in mid-December 2023 and January, which triggered an unseasonal price rise for both months (See Q1 2024 Las Vegas Market Update).

Probably best to steer clear.A syndication would likely trigger UDFI (unrelated debt-financed income) at some point in the hold period, unless they are purchasing the asset without a loan (highly unlikely).

And if they don't leave there's a sheriff lock-out.

It had a high # of days on market and a recent price reduction that triggered us to take a deeper look.

I just want them to be completely informed before pulling that "Big Ticket" trigger.