I'd like to lock in some more long term debt while we still have sub 5% borrowing capability.

Its just that my rate is quite low so I don't know if there are creative ways to lock in the rate for a buyer of the rental...

If I was proceeding with the work I would talk to my RE agent about a contract agreement that locks them into buying before proceeding.

My thought is if the original purchase were structured properly, there would be no need for a second purchase (which might trigger a new 12-month occupancy requirement).Assuming I need a second name on the loan to allow someone else to occupy, I need to do more research on what it would take to remove that other person from the loan later (ASAP after the 12-month occupancy is fulfilled).

After you close on an improved property, change all exterior door locks and contact your insurance agent to get a new property covered.  

Another recommendation is to have a set of locks on the front door of the building which does not allow tenants to copy the keys.

Key is to obtain primary residence loan though and lock it in for 30 years.  

Too often, I see people waiting for the brass ring that continuously eludes them while prices are going up and returns are coming down and they never pull the trigger on good investments right under their nose.

If it doesn't sell you didn't lock them up.

Since I have never dealt with liens before my question is, what's the best way to lock the property up but still give myself an out in case liens aren't "as advertised" or construction is more than anticipated?