Bottom line: There may be large monthly cash flows, but they won’t be going into your pocket :(Positive InteractionsTo be fair, James Wachob and his team are pleasant to work with.

The shorter the prepayment term has an impact on increasing the rate.4.

I am not positive how this works, but that is my understanding. 

Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years. 

Looking for suggestions from people who have been in a similar position, thanks in advance. 

China, East Coast and West Coast impact to 2025 building costs but also impact in housing completions.  

Also check if there are any boarding house regulations in your area that would impact you. 

Secure your option with a mortgage in second position to block out your equity.

That being said it seems you are in the prime position to remove the largest variable expense from your equation. 

@Daniel VargasAt 23 with a $500K HELOC, you're in a strong position, but Fort Lauderdale is tough for cash flow due to high prices.