Will you be adding a lock box soon?

As long as he's paying the rent and taking care of the place, I would let it go in one ear and out the other. 

You could be purchasing a foreclosure in incubation if they can't pay off the balloon, or you get stuck extending and lock in that 6% yield.  

I would rather know that my assets were locked up and discourage lawsuits vice encouraging them because not only to I have a ton of assets but a great big insurance policy to target as well.

Do most of you wholesalers that do it full-time lock down most of there properties remotely?  

End results in the same outcome as having a 15 year without being locked in.

Presently owe $75k on a refi'd loan balance of $85k locked in for 15 years (13 years left) @ 3.375%Quick financials presently$21480         Gross Rental Income (16241)        P&I pmts, 5% vacancy, insurance, taxes, lawn care and 10% cap ex & 10% mgmt fee (I self manage though and do not take a fee, however figuring for #'s sake)-------------------------------------------------------------$5239           yearly cash flowProjected cash flow after Refi$3230(I'm down to very little cash - cash built up was put in the single family rehab last year), I've also completed upgrades/updates through the years and have tried to maintain this place fairly well.

My partner has talked to an architect who is familiar with changing single family homes to multi-family in the city and he thinks that a petition to change the zoning of the house will fall on deaf ears and we don't have much of a hope for that.Although the 3 tenant rule has been around for a while, it has only really started to be enforced recently.

Looking for any suggestions/advice about great areas to lock in on.And, of course, keeping an ear to the ground for any deals worth investigating.  

The HELOC rate is also going to be higher than a locked mortgage rate, so your interest payment is going to be higher.The benefits and tradeoffs are that HELOC loans, while they have a higher interest rate, usually are less expensive per month since they usually aren't amortizing.