I have checked with several Local Credit Unions that do second lean HELOCS and the best rates I have seen currently are Variable at prime + .5% (I have good credit, plenty of Equity and good debt to income percentage).  

Additionally, I see there are options to convert a variable rate to a fixed rate on some HELOCs.Are there any lenders on the forums here that offer options similar to what I am looking for, or does anyone have recommendations on lenders they have used in the past that have worked out well in this type of scenario?

Known set annual expenses for the whole venture existing. 4 Variable Expenses: This is expenses that vary throughout time.

Does anyone have any advice on mortgage renewals…should I get a fixed, or variable?

HELOC's are variable in interest rate.

The difference between what he is reporting and what he is claiming is certainly making underwriting tough and leaves a lot of variables left for the imagination.

Just make sure you calculate all holding costs and other variables before doing any creative financing.

Often HELOC have variable rates, so even if the teaser rate is low, it usually increases over time.- HELOC term is shorter, versus being able to lock in 30 year fixed rate debt.

Deals are everywhere, I get 20 a week sent to me,Good Luck  I picked REOs because they are straightforward and I don’t have to try to contact a private owner or what have you and deal with the headache of them backing out at the last second or whatever the thousand other variables could be.

Variable rate based on prime rate+1%.