Get the loan approved and don't lock rate as you have 12 months to get all the pieces lined up and approval from planning.

I don't think its wise to refi since I'm locked into a great rate.

It's arbitrary, capricious and detrimental to your business interests and the right of the tenant to be treated in a fair, consistent manner.If you take the cotton out of your ears and put it into your mouth you can learn something here.

I’ll keep my fingers crossed and ears open!

New York, for example, just arrested a woman for changing the locks on a squatter in the $1 million home she inherited.

Would also hate to lock up the building from leasing for that long. 

The best way to prepare for this is to install a combo lock box on the property and provide the Appraiser the code when he calls.9.

Is there a scenario in which 8.0% is better even if locked in? 

That property won't sell for another couple of years and I messed up and didn't lock in when rates were low and am now paying triple on the interest only payment.

I get hundreds of emails every week from wholesalers, and every single one of them demands a "non-refundable $2500 deposit to lock up the deal."