If it was cash flowing $900 a month before over the long term, you're still ahead.I'm hoping the comment about variable rate was because you renewed at a variable rate, not that you were on a variable rate for years and never locked in. 

Interest rates are one variable of many that make up good investments and investors that understand that and work alongside it will be able to continue to create palpable returns. 

And what 'is" is a tangled jumble of things. ai will just kick back an answer loaded with "and, if, but, when" because that is how the various statutes are, loaded with layers of variables that far too often make almost any action/answer right, wrong or unknown, sometimes simultaneously multiple or all of the above. 

I agree with Shawn, there are multiple variables to this very generic question. 

I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan criteria become more unfavorable (variable rates, stricter credit score requirements etc.).

There is also the thing of a physician loan where I wouldn't have to put a down payment on the house and secure a loan although I would want to try to aim for a fixed rate (or maybe variable since interest rates are potentially going to be cut in the future?) 

You can also find options in the middle but those are highly variable and depend on your goals. 

If I adjust withdrawal form LOC because of those variables then it defeats the purpose of consistency. 

Don't we all wish that all rental properties would cover the expenses no matter what.There are TONS of variables to factor in (price point, area, market, condition, etc), but at least in my market (Indianapolis) the rents on a SFR often do not cover all expenses.

While using a glue with a floating floor will help with separation issues in variable temperature.