I will say that STR underwriting is going to be highly variable depending on a lot of factors.

Most HELOCs have a variable rate. 

I am a new investor in the San Antonio area and I am looking for a local bank to do my refinance throughout my LLC.I have talked with many local banks but everyone is lending with variable rates.

There are variables, but it is a great way to access capital that you otherwise wouldn't be able to get.

The problem is this actually decreases your return in every case unless your earning less than your paying in interest in which case you shouldn't have made the investment in the first place.Encouraging small investors with limited capital to utilize variable rate lines of credit to pay down their fixed rate debt is irresponsible at best and a total scam at worst.

There are so many different variables that AirDNA doesn't take into account however, if the data is coming in lower it might reveal an overall trend happening in that particular market.

Also, you can easily use the cash value of your life insurance as collateral for a loan that you can reinvest in other investments, basically making your money work at two places at the same time.While you may get better return with a 401k/IRA stock investment, with a wholelife you will get steady moderate return with no negative years, with an Index Universal Life you with get variable return with a long term IRR in the 7-9% range, and also no negative years.

Our HELOC is prime plus .25 15years variable with a lock option after 6 months.

@Devin PetersonI have a blanket loan on two properties for 100k with 6% interest with a variable rate of 1% every five years.

Usually, interest rates on money taken out of HELOCs are usually variable, while money not taken out of the HELOC usually does not have a variable rate.