You should be able to get up to 80% LTV on a rate term refinance.

I expressed my objection to the rate.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

Keep in mind a HELOC rate will be much higher because of the CLTV and risk.

My question would be is a 6 cap the going rate in the area for that building.

For all methods you would want to find a market that has strong employment rates, strong income rates for the market, and is a growing or an established market. 

If you are trying to compare fee's or rates this forum is great for helping with that type of question. 

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

Understanding the interest rate, loan maturity date, and any prepayment penalties will help gauge urgency.3.

., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?