Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.

With the interest rates and market prices, I am not sure this will be as great with returns.

But to really answer your question - from an outsider's view - things have tightened up and continue to be tight....deals are harder to find, and interest rates make some good deals just average.  

The soaking tub in the middle of the room is a 6-star hotel amenity or an outdated trash.

- L**** Markets I've rented in since 1997: College Park, MD | Centreville, VA | Brooklyn, NY (Bed-Stuy) | NY, NY (Upper East Side, Upper West Side, Murray Hill)**** City Councils and Lease Types: (9 different leases over 25+ years)** City Council of New York (market rate lease (1 with and multiple without guarantors), 1 rent stabilized lease, and 1 unique govt. program in C-class neighborhood), ** Prince George's County, MD (market rate) ** Fairfax County, VA (market rate)**** Building Types: ** Non-combustible 8-unit and 10-unit (both built 1950s-ish) (walk ups), ** Semi-renovated former tenament building (1870s-ish 1 sink, bathtub was originally in kitchen, built wall around it)** Garden-style apartment (2000s walk-up, private porch), ** Luxury 100+ elevator (built 2012 with non-foodretail underneath + underground parking garage + 24 hour security, ** Luxury 100+ elevator (built 1990s with grocery store and retail underneath)** Unrenovated brownstone (1870s-ish walk-up) (It was Hoboken, NJ circa 1996, I was the illegal 3rd tenant for a couple months)

This is a fully legal process that has been irrelevant since the 80s because rates have just dropped.

Any tips to get a better rate or deal from lender ? 

@Andrew Self I would like to think that my company is the best and offers the lowest rates and closing costs, but perhaps I am bias.

However, with high rates, the next mortgage would be very expensive, and a vacancy would be intensely expensive with two mortgages.

True-Up & Billing Cycle ChangeSince you were underbilled before, your current bills may reflect actual usage rather than an artificially low estimate.The switch from bi-monthly to monthly billing means your payments are more frequent, making the cost feel higher even if the overall rate hasn’t changed.2.