If your rate was locked, then yes.If your rate was not locked, then it depends.

What is the interest rate on the note (s). 

If they don't use them, then you can advertise and rent out to anyoneGood Luck!

I’m asking for opinions in this area since the crime rate is High and vacancy rate is high as well.

The interest rates are tough.

Interest Rate: 4.25%Years Left on Loan: 26Estimated Monthly Rent: $1,750Annual HOA Expense: $2,268Annual Taxes: $1,746Annual Insurance: $1,674My concern with the numbers above is depending on capital expenditure projects and vacancy, we may not be able to cashflow.

Mentioned % rates for mortgages may not come despite any fed adjustments. 

It's one of the biggest trends in the PMC industry.Did you know that the national average rate of profits for a PMC is only 10%?

Hearing date by city for official approval or denial is in august.My current loan has about 145k left on it with a 3% mortgage.ideally would like to subdivide keep my existing mortgage on my current home and not affect the rate then get construction loan for new build.

Interest rate?