While it's just as possible that rates could improve tomorrow (after all, if lenders already "knew" that rates were going higher, they wouldn't be wasting their time offering you lower rates today), the classic lock/float quip applies: it's better to lock when you should have floated than to float when you should have locked.

I guess they don't want to waste their time either.

Second, minimize surprises to your tenant.  

I am looking for a way to earn a income for me and my family but with not having the funds (which is why I am thinking of this) I dont know if I am wasting my time and should look elsewhere for funds such as a 2nd part time job to support my family.sorry for the ignorance but this looks like the best place to ask these questionsRobert Egge

The REI mentor said post a ghost ad on craiglsit saying 3/1.5 in a great area minimal work great arv.

If there is no motivation and no equity you don't have a deal so don't waste your time.Hope this helps.Sincerely,E.

I am upfront in general requirements with people before they complete (Monthly income of 3X, reasonably good credit, clean criminal background) so that they are not needlessly wasting their money nor my time. 

She's a Shakespearean actor and appears to have minimal brain damage

However, if you are going to build condos or townhouse or apartments, you might still need to trench everything to get larger supply and waste lines along with more power onto the site. 

I wasted a lot of time thinking things would get better soon.