It will lock you into somewhat of an all or nothing deal, or you refinance into a new loan (more closing costs) with a new lender for the remaining buildings you want to keep.Another option in this environment might be to find someone to be a capital partner, depending on the purchase price point of the property. 

Either way, in a rising rate environment, it would be smart to get the ball rolling sooner than later.

The variable nature of the HELOC freaks me out a bit in the current environment we're in, but it would give me the option to pull out equity while leaving my current 2.75% mortgage rate as is.I'd love any guidance you can offer - thanks in advance!

I also had a fair number of fishermen who would rent for a few days to a week and would not only fish the local river but use my house as a base to fish in a 70 mile radius. 

However, are rising rates a pause for concern given the available housing inventory and inflationary environment? 

Given the increasing interest rate environment, wondering if locking rates for 180 days is a good idea.

It gets income going, puts into the environment of all kinds of deals and stuff going on, and where a person goes from there is limitless.

Get familiar with weather trends and natural disasters the area is prone to as to protect and insure against them (tornado, floods etc) Know how the construction materials of your home fair in the environment it's in. 

We have spoken to the tenant and he said the dog is just acting up due to a new environment. 

•Are you up-to-date on the current lending environment and all the options that might be available to you?