I am unsure how to accurately predict rates and occupancy.

Thought about refinancing at the time, but didn't do it before rates exploded.

If they want to stay, they will sign a new one-year lease with a monthly rate of [$XXXX].

Check their occupancy, nightly rate and amenities.

A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.

Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.

But that's just me, maybe your market can tolerate higher nightly rates.....I agree with Bruce.

We've been able to rent properties pretty quickly, just as long as the rental rate is appropriate!

If I took my best guess, investor rates may settle around 7.5% for quite a while.

When it comes to managing your mortgage, most homeowners are familiar with refinancing as a way to lower monthly payments or take advantage of better interest rates.