I've seen where people add so many loan extensions with optional payment.Say 1k gives you a 1 or 2 year extension and this can be done 4 or so times.This agreement could be changed so many ways to make it work.You could offer a higher interest rate after 7 years to extend to 15 years.

It would be $1.1m, and according to AirDNA it would run -$40k/yr as an STR, and while local rent rates are high it would still run about -$2500k/m.It is such a cool and unique property I hate to let it go and would love to find a creative use for it that could at least carry itself (approx $6k/m+).

@Brandon JaThere is not one but what you could track is the 10 year treasury https://www.mortgagenewsdaily.com/mortgage-rates/30yr-treasuries

In the meantime they will probably jack up the rate on my extension which makes no sense to me since I don't have a tenant in place yet.  

HI Patrick, you can go up to 90% CLTV for HELOC primary or 89.9% for cash out refi but rates can be a bit higher depending how you use those funds for a better ROI.

You may need to implement an hourly minimum rate for tire kicker buyers and low balling time wasters. 

And I don't know what the cap rates are in the area for SFRs, but I did a quick Redfin search for a small multi-family home in the area that's turnkey: https://www.redfin.com/VA/Richmond/1622-N-31st-St-23223/home.... 

If you are in a higher asset class many deny on credit score which usually is not seen as income discrimination which is also fair but there are actually a couple left leaning areas where credit score rating can be seen as illegally discriminatory which is ridiculous.  

I'm looking at Nevada - property tax rates are low and there's lots of appreciation.I'd recommend attending local meetups so you can talk with investors who buy in CA as well as OOS and ask lots of questions.

So many LOs were preaching mortgage rate cuts, this time around, and now I am seeing rates still the same, if not even slightly higher than what they were a few months ago.