It was only a $65K note but I have to honestly say in the last 20 years I also made the adjusted payments never going into negative amortization and my rents always covered the debt service, despite rate fluctuations from 1988 to present.

Refinancing is an option, but it doesn't solve the rate fluctuation problem.One very good solution is to seek new product you can purchase subject-to and learn how to mitigate as much risk of the note being called as possible.

Check the comps on the resale, normally condos are a weaker marker on a sale than SFH and prices can fluctuate widely, since the prospective buyers are fewer.

It's properties with 5 units or more that would normally require a commercial or portfolio loan product.The interest rate you can get is influenced by your credit score, and also by the market, which fluctuates over time.

Personally, I never asked for records to see what the vacancy rate is because I (you) need to know what the market is like before you buy since the vacancy rate is totally different depending on who and how the property is managed and the vacancy rate tends to fluctuate during different periods throughout the year.

Frankly, most experienced investors aren't bothered by the day-to-day price fluctuations. 

If you need longer-term financing, shifting to a conventional note avoids a balloon and interest rate fluctuation risks.

If going back and changing it every time the value fluctuated was an option it would be done every year and the whole system would be turned upside down (well not likely).

Frankly, I think their egos are overinflated.The earth has had large temperature fluctuations and changes in climates throughout history.

Just wondering if anybody here has noticed a negative fluctuation in his or her credit score as a result of establishing a HELOC and/or as a result of tapping it.