Black Swan event- Covid or economic downturn can you cash float for a year.  

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.

Other towns have floated the idea of trying to regulate BnB's, but no major laws that I'm aware of have been passed.

Hi @Thurman WilsonYou can use the Find a Lender button under Build Your Team on the top banner of BiggerPockets.

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And it's a lot easier to sort floating that monthly interest payment then a near $500k total right. 

I would also rather have upper cabinets than floating shelves, except for maybe in a compact unit with very outdated cabinets. 

But we made one decision that history may one day show was the wrong choice--our rate is floating. 

I've been talking to coworkers friends family and now I have floated here.  

The interest rate is floating based on WSJ Prime rate, but as the prime rate comes down the LOC rate will also drop.