I want fixed debt at all times, BUT this gets very hard once you step into commercial properties that are unique, or aren't playing in the 1M range loan balance. interest rate really isn't something I stress over, if I have long term debt and the property cash flows day 1.

Are you willing to sell at a reduced price if you can sell it quicker?

Beautiful property, but I want to stress that even if you don't appear to be in the 100 year flood plain you should still advance with caution.

I inspect my own properties once a year, I try to take care of the things that reduce later damage like cleaning the gutters and servicing the furnaces.

Same with the hit on sales price, they don't want their buyer going down some wonky loan rabbit hole over a $1000 roof leak, that's going to reduce the sales price they can get by a LOT more than $1k.

Property assessment is;Mortgage: 200kHELOC: 35kAppraised at : 415kAll told, in the last 4 years we have been excited, sad, stressed, and have wanted to sell and say SCREW IT many times.

My contractors' system has saved me many thousands of dollars and stress over the years.My son and I have contracted for several million dollars with contractors and subs, it ain't easy keeping up with them, material, labor licensing etc.

After reviewing the supporting docs, the amount was reduced to $220,000 due to the type of employment of one of the borrowers. 

The mortgage payments are a source of stress only if you are not making enough money on the property; if you are, then it should be relatively comfortable taking care of that obligation.

In this situation, I charge a $50 fee for the administrative time required.If your agreement was a reduced rent for one person, you should absolutely require a rent increase for the additional occupant.