In this area sales spike in April and May so I’d like to get it going as soon as possible.

I don't have a crystal ball, and its probably unwise to speculate on rates, but I don't see them spiking enough to kill values on assets considered to be affordable housing like Class B, value add apts, etc.

A spike in water consumption could mean there's a leak, unauthorized tenants, or even a laundry business operating out of one of your units!

Erik Ganeles Welcome, and good luck.We've had a spike in appraisers making threads very similar to this one of late.

When rates spiked past 15% in the early 80s, housing prices continued to rise.The reason is people make the mistake of thinking that rates drive the market....but the opposite is in fact true.

@Brenten Spikes you did step 1 right, which is coming to BP. 

Selling the property:Real estate commission was mentioned, your attorney fee again, real estate transfer tax, home inspection issues(usually budget a few thousand for that)Daily Carrying costsMonthly Mortgage payment(if you used somebody else money), temporary utilities(with the winter we be going through gas and electric have spiked to couple hundred $ a month)  water and sewer, property taxes. 

Hello BP, I was doing research on Heloc and the rates could spike at any time .

We are at the highest rate in more than a year now according to this chart from Freddie Mac.Even Bernanke said in reference to the spike in interest rates: "We were a little puzzled by that".Do you think that if this persists house prices will go down as buyers buying power is reduced or will home prices go up due to increase demand from buyers that have been sitting on the sidelines and are now afraid of missing out on locking in historically low interest rates?

Rents are also spiking there.