such a good example of the lack of the "floating rate Armageddon" people seem to be predicting every now and then. 

unfortunately  -most lenders  will not  allow a locked  rate to be relocked  ( floated down )  at a lower  rate ….most lenders  will charge  approx. .5%  for a 30 day  extension even if  present rates are  lower …...you might ask for  assistance from any other  parties in the transaction to  help  with  sharing this  extra   fee  ( seller /  agents / lender …….if you can  split the extra  expense  then its  not to  much of a hit for any one person

Here are the expenses on this one:  apartment Vendor Project description Date Amounts Notes house sears 3 stoves/2 refridgerators 5/25/2017 $ 2,111.18 1 right Doug bathroom floor 4/11/2017 $ 500.00 replace floors 2 left David bathroom floors/repair 4/23/2017 $ 400.00 2r/2w Doug bathrooms 4/14/2017 $ 755.00 replace floors 1 right mikes carpet carpet two bedrooms 3/3/2017 $ 532.00 2r/2l amber clean up 5/5/2017 $ 80.00 1r/2r sears cook stoves 4/23/2017 $ 837.41 All Joey dry wall aropund windows 3/27/2017 $ 1,950.00 2 right jesse drywall bedroom wall 4/15/2017 $ 150.00 house Brian Elec elec work 3/24/2017 $ 4,503.00 house Kevin electrian 4/30/2017 $ 100.00 wires 2r/2l Danny floors 5/5/2017 $ 1,000.00 replace with floating floors house libert ut gas bill 6/6/2017 $ 216.44 house David hook up gas stoves 6/1/2017 $ 60.00 house honor captal insurance 2/29/17 $ 209.00 house honor captal insurance 3/19/2017 $ 209.00 house honor captal insurance 4/17/2017 $ 209.00 house honor captal insurance 5/17/2017 $ 209.00 1 right Doug kitchen drywall 4/18/2017 $ 200.00 house Doug labor 6/5/2017 $ 2,200.00 finsh all reoairs and hang doors house jesse locks and light 4/30/2017 $ 150.00 houise walmart mailboxes 5/10/2017 $ 48.88 3 mailboxes remodler outlet materials 2/14/2017 $ 722.50 1 west remodler outlet materials 2/27/2017 $ 134.64 1 west remodler outlet materials 3/27/2017 $ 1,006.91 2 right home depot materials 4/23/2017 $ 280.29 for floor 2r/2l home depot materials 5/5/2017 $ 1,226.08 floors and supplies house home depot materials 5/9/2017 $ 75.52 plug covers/thermostats/mailbox materials 5/23/2017 $ 148.93 for 3rd floor door house home depot materials 5/26/2017 $ 878.22 doors baseboars house home depot materials 5/29/2017 $ 250.37 1 left home depot materials 6/1/2017 $ 247.36 toilt/miscellaneous 1 left jesse miscellaneous 6/19/2017 $ 160.00 house James paint 4/30/2017 $ 1,050.00 house Branco gardner payment $ 1,353.30 house Moniz plumbing 3/27/2017 $ 2,035.07 house mike plumbing 4/11/2017 $ 625.00 hallway put up 3rd floor door 5/23/2017 $ 350.00 to block off attic 1 east Poters repair and prep for paint 3/10/2017 $ 900.00 house Joey roof/siding $ 22,222.00 house smoke isp $ 264.85 1 right Doug tubs/toilt 5/1/2017 $ 135.00 house Joey windows 1/25/2017 $ 4,651.02 house home depot 2/14/2017 $ 1,458.63 lowels 2/14/2017 $ 1,500.85 house u hal 5/26/2017 $ 48.72 to pick up all supplies 1 east home depot materials 6/2/2017 $ 56.78 house ABC dumpster 6/5/2017 $ 587.34 1 east danny floors/ matrial 6/7/2017 $ 1,117.24 railings, 3 floors basement derick clean up all waste 6/7/2017 $ 200.00 1 left jesse last small repairs 6/20/2017 $ 160.00 house ABC dumpster extra feesa 6/16/2017 $ 119.00 1 left amber clean up 4/21/2017 $ 100.00 2 left kevin elec work 5/21/2017 $ 150.00 house home depot light covers/fau 6/3/2017 $ 41.95 1 east national grid elec bill 6/28/2017 $ 68.85 1 west national grid elec 6/28/2017 $ 118.87 house liberty utilies gas bill 5/16/2017 $ 216.44 house national grid elec 4/26/2017 $ 4.54 house city of Faa River taxes 6/29/2017 $ 654.10 house honor captal insurance 6/17/2017 $ 209.00 $ 62,159.28 

@Eric P. if depends if the lender has a float down policy. 

We don't always have a great reputation, but this company does Turn Key's or Buy/Rehab as well as management for investors, whichever floats your boat.

@Gary F.Don't hold me to this number, but I believe the fee is circa 5% of the net sale proceeds.If you go with the lease option route, you might consider setting the option price as a floating number based on the market at the time the option is exercised (95% of new appraisal, etc.)

I don't know too many people that can float a mortgage, plus nearly $10k in bills unless they have good reserves. 

This one doesn't float my boat.

If you can float it that way that’s fine but maybe you want to renew half and then half to try to still have some income coming in during the interior renovations.

Trying to see how many months of rent I would have to float before I can start generating cash flow to pay the rent.