There's no seasoning period for a rate-term refi. 

The US real estate economy in general has boomed thanks to COVID and previous rate drops.

The suits have around 40% chance of eventually collecting, we've used collection agencies before and their success rate was around 15%.

The kicker is my interest rate is 3% on both. 

We had the seller cover all closing costs, pushed out closing 60 days, and were able to use that to cover all closing costs and do a rate buy down for a year.

The second unit has been a rental with ~the same occupancy but they were charging lower rates.  

I can only get funds from my Heloc with 9.72% rate.

If you are in a heavy sun, high cost of electricity and high rate of usage market, and you buy the panels, and you can resell to the provider rather than maintain your own batteries, you probably will make money especially if you hold long enough.

I’m new to flips and I can’t find a lot of information on them. 5% rate seems too good to be true.

I have Navy Federal Credit Union and you would think they have better rates, but not exactly.