I wouldn't wait too long because the future is uncertain but inflation is real.

It would have been much more difficult to make this deal work with regular investor financing, but the VA option makes the numbers work even in the current rapid inflation of the Phoenix market.

I have about $450,000 equity in my primary residence (in Colorado) and want to extract $170,000 for a down payment on a property that cash flows extremely well (in Florida).  1) HELOC @ 3.125% variable (pay it off the principal if future rates exceed inflation, or use equity to pay it off whenever I sell the property in an estimated 10 years).

Our various costs are up due to inflation--dwelling insurance on our properties, gas prices to travel to and from properties, repairs cost, etc. 

As inflation hits, then its being paid off with cheaper money, so the theory goes. 

@Manan PatelRates have moved significantly in the past few weeks as inflation increases and with the Fed talking about 3 interest rate moves this year, the expectation is upward pressure on rates going forward.

Most likely with our inflation, rates in 5 years will make 4.375 look like a rock bottom rate.

These actions are meant to cool the housing market and slow inflation. 

Rates are rising so now is the time to jump in as every month the rates will rise until inflation is under control.Debt service coverage lending only is concerned with your credit score (the ratio of rental income to total mortgage payment) and, 6 months of savings in some type of investment account. 

Are you trying to hedge your money against inflation while being in a high appreciation/equity market?