The floor is the starting rate of 4.2 i believe it was, and as far as Caps, again i have to confirm that.

This is another ways to help you build that reserve fund.

Trying to confirm and find it's perimeter, neighbor said it may be a cistern or abandoned well. 

Currently sitting in on some reserves but I’d like to put them to use .

I had some reservations when one of my tenants asked for her ex-husband to move in with her and her husband but so far no issues.

Confirm income meets/exceeds three times the monthly rent, adequate credit score, no prior evictions, etc. 

You can always use your HELOC for emergencies while you build your cash reserve. 

Yes @Jerry Limon principal and interest (PI) for not more than 1/2 and everything else including reserves for the other.

@Jeff LangleyIt’s hard to give a definitive answer without the rest of your financial picture, particularly what your reserve/emergency fund looks like, but if the property will still cash flow at the higher rate, and the slight reduction in cash flow isn’t meaningful to your daily life, I’d lean toward hanging on to the cash.

Zoned R3 - up to 30 residential units - I have spoken to the city planner and confirmed the zoning and ease of permitting.4.