It's a line of credit tied to a zero balance sweep checking account, every deposit lowers the balance and thus saves interest cost.

We refi'd into a very specialized 1st position LOC that's tied to a zero balance sweep checking account.

I'm assuming the $12,128 is not just points,  Hopefully what you have in there is:  your lawyer fee, title insurance, inspection fees, survey (if you want one), oil tank sweep if necessary, misc. costs. 

We ended up ReFi'ing into a very specialized Line of Credit that's tied to a Zero Balance Sweep Checking account.

I'm a big proponent of a specialized first position Heloc that's tied to a zero balance sweep checking account.

@Dana De Andres I'm a big proponent of a very specialized 1st position Heloc tied to a zero balance sweep checking account.

Better to setup a sweep so that tenant only has access to one month rent at a time.

@Jay Garrison - To expand on the exclusion topic, thoroughly check baseboards for gaps between the wall/floor (get low to the ground and check closest, behind dressers, etc), check for gaps around all water/gas/vent supply and drain pipes (including for radiators), install door sweeps / weather strips where there are even small gaps.

You can offer services evaluating properties, driving for dollars, marketing, sweeping floors at a construction site, hauling materials, answering the phone, compiling reports, etc.

To got a step further, I'm a huge proponent of a very specialized, 1st position Heloc that's tied to a zero balance sweep checking account.