The HELOC will likely be variable rate (mine has adjusted from less than 4% to 10%}.

I believe I have two options.Property Info:Purchase Price: $365,000Current Loan: $329,000Interest Rate: 5.7%Mortgage:$1900PMI:$130Insurance:$157Taxes: $320Current Rent Left: $1200 (Market $1400)Current Rent Right: Owner Occupy (Market$1800)1.

Nobody has a crystal ball to predict the future but, generally, rates will likely go down, property will appreciate and rent's will increase.Getting experience as a landlord is valuable too...

  - Any payments made on the note will be recognized as income for you and subject to capital gains tax - Interest accrued on the note will be subject to ordinary income tax rates in the year you receive the paymentsHow to navigate around this1. 

VRC Platinum-rated short term rental residence offers the highest rental revenues possible.

The rate is pretty good though and I might have to move for work related reasons and if thats the case I’d love to keep the NACA loan at its rate without refinancing.

Just kept it in good condition until it was time to rent it out, and made sure to refinance when rates bottomed out.

Is the property currently being taxed at the 1% owner occupied rate or is it already a rental being taxed at 2%?

Then you could buy now before competition becomes crazy again and refinance when rates come down.

You can also buy in cash and refinance out in a couple years when rates (in theory) go down.