This locks in your monthly expenses, versus  HELOC that is variable, and matches well to the long term hold of the rental.I use HELOCs for shorter term capital needs, i.e. flips, or even possibly the acquisition and renovation of a rental, but always with the belief that I will have it paid off in under a year, typically 6 months.  

I started with the BRRRR method for long term rentals.

Study financial history when speculators bet long with short term money.

The First is in Crestview FL with a long-term military tenant.

Inform them they violated a term of their lease and the smoking must end immediately.2.

Website:  https://sethfc.com/programs/5-...Each of these programs has various eligibility criteria and down payment assistance terms (e.g. grant vs. 3-year forgivable second lien vs. 30-year deferred second lien), so it's important to work with a lender that's an approved partner of those programs and can match the homebuyer with the right program.

I mean, I'm not sure if I want to go with this lender yet, as I'm still waiting for the conditional approval from another lender who might come with better terms.

He has been nothing but transparent and honest throughout, even being honest about what he feels would be a good fit for whatever our long term plans are.

Howe much term is left on it, do they have any renewal options? 

This is supported by search trends by terms like "affordable apartments Fayetteville NC" and "houses for rent under $500 in Fayetteville NC" suggesting a high demand for cost-effective living arrangements.