Within 2 weeks of the locks being changed the tenant filed suit ($10,000) against my parents in small claims court claiming that she was illegally locked out of her home and denied access to her medicine which caused pain and suffering. 

Lock the deal up in contract and then use the sex offender as leverage to negotiate a lower purchase price with the owner. 

If you put one in you can put a $120 Honeywell 8000 WiFi thermostat in and lock the screen and control and monitor the inside temperature from your phone.

I'm locked in at 2.64% for the next 5 years.

If they're steady buyers, I'll also bird dog deals, although I don't do formal wholesaling with a locked down property etc.

1) Variable rate loan  2) Interest only lock for 3,5 or 7 year term or 3) A traditional principal and interest lock? 

It's better if you can get a construction lock-box set-up and set expectations that a partner or potential investor will need to also look at the property.Find out from the title and escrow if they do double-closes.

The banking business is base on short term money, which is why they can't lock in for longer periods.

Andrea Thurau I was locked up when i hit loan # 4.

If you then want to lock down the interest rate you can then do a conventional loan to take out the HELOC.