I looked at the rental trend over the past 10 years, I should be fine in year 7 for the refinance unless rates are totally out of this world.Your right those rents would be really low for Stamford. 

I'm contacted by another landlord in the same town who needs help with a problematic tenant.

Thought about refinancing at the time, but didn't do it before rates exploded.

Depending on how it is done and what guarantees the government offers and requires of the released entities, interest rates could move slightly higher.

If it was due to a natural disaster they cannot raise your rates.

Hi Even,I don't know about DPA and Grants but I do have a great program with only 3 precent down and low interest rate.

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

You can't blame that on poor market conditions.I've been in contact recently with the Fairway America team and they've been utterly useless. 

The price points do make it hard to cash flow even with the lower interest rate subject tos. 

Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.