Especially our BP beginner  Hey I live in CA and I want to get started owning a rental and really have no clue as to the markets back east and or how to vette deals..

However, 2 years ago they moved back to our original country and left me and another family member the house to pay rent.

I just got back from Katy Texas and I loved the Cinco Ranch Area. 

Not to mention the  emotional toll it takes on a property owner and the aftermath of finally getting your property back then perform expensive repairs.  

I'm leaning toward moving back to Northern Virginia where I am from so I can be closer to family and my dollar can go further. 

Find a solution that works for all parties and pat yourself on the back for being a good human.

To reiterate above, the variable rate is not the issue, it's the attempt at new terms with punishment attached if not accepted.FWIW, if I recall correctly from 5 years ago, my loan officer casually mentioned that the loan will be "in-house" which I understood him to mean is not a federally backed loan and they are lending directly, but I didn't ask for clarification.Maybe my loan address was included by mistake for this mailing because of that categorization, but still, gahh.

Now that sucks (double taxation), is there any other way to min. being taxed back and forth?

Looking for 80% LTV for a fix and flip then rolled into a DSCR or a fix and rent.Deal points:Purchase: $308,000Rehab: $160,000ARV: $499,000We are adding an ADU to the back of the property.

Refi with a DSCR to pay back the HELOC.