Well, besides PITI, there's maintenance which is basically the amount you allot to take care of things like replacing a door lock that someone used a pliers on, broken glass, door weather seals, HVAC maintenance, supplies to maintain the lawn, termite treatment, replacement boards for the fence, caulk and paint, etc.

Refinancing allows you to lock in better long-term terms and pay off the hard money or recapitalize (pull out your own cash).

I have to extend my rate lock.

TriplexDuplexThis would be my first deal they are both locked withtin 20 minutes from where i live. one lady owns both building and a fixer upper but i dont think i have the time to fix it up. how ever all 5 units are currently rented. the other numbers like taxes and grass and those numbers are what the lady gave me. i put 5% down not sure what ill really have to put down was i guessing the bank would say 20% not sure. would love some advice!

This bug was put in my ear and I'm not swatting it away.

I think there will be a binary outcome depending on who has locked in long term financing and has no refinance risk vs those who have to refinance.If rates are going up, you would think that rents would follow. 

@Kerven JeanDouble check with someone in your area and/or reach out to a local lawyer or wholesaler but I would assume that you could still lock up the property and they will have to pay their agent the 3% or so.

Is this rate was locked? 

I have no plans to keep my cash locked up in equity when I could be deploying it into new properties!  

I just locked in yesterday for a property and the lowest I could find was 3.99% without paying a crazy amount of discount points.