If you elect a PPP shorter than 2-3 years in most cases, the lender is simply going to collect that fee A) upfront as points rather than as a PPP, or B) with yield, meaning a much higher rate.  

I chose Chase because they had a lower rate than the local lender I talked to in Alaska but now I can see that was a big mistake.

If the rate is low you'd be much better off finding solutions other than refi (pulling personal loans, second positionAlso, what's your credit looking like?

Fun fact, we have the lowest unemployment rate in ant top 25 major city.

@Tom StevensonHeloc’s have interest rates at like 10-15%.

Instead, I've heard of hosts raising the nightly rate high enough it won't book or setting a 30-day minimum stay and had no issues with a double booking.

Great Buy and low interest rate. 3.5% How did you find this deal and how did you negotiate it?

Let's say the cost goes to $4,500; then $5,000, then $6,000 while your rental rate stays at $70.

Their success rate?

The city's appreciation, vacancy rate, cap rates are truly unparalleled when compared to the other markets you’ve mentioned.