You're seeing something similar to what I imagine most of us are seeing right now.You'll need to change one of the variables in order to make a property cashflow.

There are so many variables in plowing snow .

Unlike FHA, VA, Conventional loans, hard money/bridge have variable requirements depending on lender

Management reserve is below the line (not part of the NOI calculation), but a very important number in your analyzer nonetheless.If you have a property that you're looking at, send me the details and I can work up a quick excel sheet with some variables for you.

Of course there are plenty of variables, but that seems a bit off...

(note mild sarcasm) To make it all happen I did a fixed business loan and a variable HELOC, which at the time was 2.5%.

Speaking with the loan officer, they mentioned that you could take out an amount of money and lock in the rate on that chunk of money and then anything else you took out would be the standard variable interest rate at the time.  

Here are the basic terms of the HELOC that I've been approved for:"This loan has a variable interest rate, which is determined by the Wall Street Journal Prime Rate plus a margin.

HOA dues are variable and go up with time.  

This means I'll need to move a variable in my favor.