There are good reasons for using a HML to quickly lock-up a property, but it needs to be a really good deal to offset the loan costs.

What criteria do you use when deciding whether a wholesaler has a good ear to the ground?

Ok guys so i went to go see the houses and the investor was unable to accompany me so i had to go alone, here is the info.House 1 :  2bed 1ba , 448 square feet ARV 150kRepairs Wasn't able to get into this one the realtor said they changed the lock box.

You would also lock in at the higher rate.I know that a HELOC is just accessing the equity in your home.

This simplifies my business and provides flexibility rather than being locked into one location.

If i were you and the tenant hasn't moved in yet, just go ahead and change your door locks until this thing settles.

In addition do that during the renovation I am able to link a smart lock to the system to manage who is coming and going from the site by giving them a code to access the house and when they are done I can delete code and rearm the alarm, all from my office.  

So I locked in a rate I can afford and in so doing took out a little insurance against the likely direction of financing costs.

They are our eyes and ears. 

At least now you can still lock in a decent owner occupied 30 yr rate.