Overnight, poof, rates went up 0.375%.

@Louis Gilliam i have been on both side but I invested in 7passive deals and took several courses and attended several boot camps before jumping to the GP side.

So I pressed him and said, "No, I really want every penny back and I want a cashier's check overnighted to me or I will do what I said I would do.

@Jason Maddox I am from Jacksonville, where the Camp Lejeune Marine Corp Base is. 

On my rentals I was offered 3.125%, but I was too slow on the uptake and it went up half a point over night.

This should cover most liquidity issues the bank might have going into a refinance and will cover your butt should some big capex or vacancy issues arise.As you scale your portfolio, you can get away with locking into a set amount (say $15,000-25,000 total) that you put aside in a bucket account for all the properties, as it's unlikely you'll ever hit multiple huge capex items simultaneously across all properties that would deplete that fund overnight.

There are different camps and ideas of how to achieve it.

I’m in the same camp as John Teachout.

Personally I am gambling and holding out for a while longer The market is forward looking, meaning that longer duration fixed income assets have already accounted for predicted changes to the overnight rate. 

And when there's a natural disaster, that property you think you had over-insured is overnight now under-insured and it takes 60% more to rebuild it.