It varies a lot depending on install method, regional area, heck even a specific properties weather exposure. 

Bottom line is 3% interest on $XXX is the same weather its in a HELOC or a 30 yr fixed.  

Quote from @Bradley Buxton: @Matt J.SD has some great weather and opportunity. 

I believe it would have been up another .5%, but we canceled guests across all properties three times last winter when the weather predicted 4 to 7 inches of snow.

I guess it's probably not enough to dissuade me from going through with the purchase, but certainly something I should account for in my forecasts. 

Current strategy will be to build out as short term rental, 2br 1 ba.Still have not sat down to do business plan, admittedly this is my growth area, but I know its a necessary component to the journey.cheers yall, hope everyone is getting out to enjoy the weather this weekend.

Additionally, you may be asked to show some availability of liquid cash/assets to weather a storm in case something unplanned happens. 

We do not have serious floods, tornados, heavy snow and rain, frequent major hailstorms, big earthquakes, or extreme weather conditions.

We have also done window replacements and replaced analog thermostats with programmable digital thermostats.Interested to hear if anyone else has had success with weatherization/insulating and other energy efficiency measures.

While I have seen only good things said about PPR, one thing of concern is that even though they started  during the great recession they do not have a track record of weathering one.