It is actually a 10/1 ARM, so after the first 10 years the rate will adjust once per year for the remainder of the 30-year term.

Hello BP, I saw this in one of my FB groups and wanted to share this in the event you were affected - "I’ve worked as a full time licensed claims adjuster for years along with being a STR owner in Tennessee.

Structure the deal so that the purchase price is low and adjust the interest rate to equal the agreed upon payment.

It’s also worth understanding how they adjust pricing to adapt to changing market conditions and seasonality.

If they’re still resistant, you might want to consider negotiating a compromise, like a smaller increase or a gradual rise over time to ease the adjustment.

Total rent between the three is $3200/month.I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.I also have a HELOC on that property at $180K~ with a 9.75% rate.

Learning about dynamic pricing is a great next step to boost your revenue by adjusting rates based on demand and seasonality.

You may have to adjust your expectations. 

Even big names like Opendoor who in the past offered little to no compensation has adjusted their marketing to include compensation in an effort to sell homes during this cooler time of year. 

The adjuster has reached out to ask some questions, so I know he actually opened a claim.