Rate locks are an option so you know what is issued in the term sheet is what you can expect the rate to stay for a specified period of time until you close.

I will only live in one of the units 4 out of the 12 months of the year because the other 8 months I will be with the Angels organization, during that period they provide a place for me to live and also food, so during those 8 months I would have more money I could save up and use in my house hack.

The cash-out refi necessarily means thousands of dollars in additional expenses - likely setting you back further than you went forward in mortgage pay down during the same time period if refinancing in 1-2 years - but hopefully earning more equity in the meantime (fingers crossed).  

Hello friends,I was able to use an Outlook email to send periodic reminder (laundry list of things) to my tenants.

At the end of the day, if a lender thinks a wave of foreclosures is on the horizon that will decimate real estate values for a period of time, they will not lend.  

I did a bit of research and wondering if the current interest rates, high real estate prices, and weak 12-14 week rental period make it a bad investment.

The only items to really worry about are the slightly higher fees and PPP periods on the loan. 

Check the recovery (or breakeven) period on the refi.

In a rental I manage, we did see about a 40% higher rent for a furnished unit, but may see some higher vacancy periods and tenants probably expect more included (utilities, internet, etc), but agree it's something to consider.

The only net result I can foresee is another extended prepayment penalty and more interest for conventus.