In a raising rate environment its best to lock a good rate now and refi when the market stabilizes since we dont know for sure what rates will be in 2-5 years.  

That's a great rate in this environment.

In a rising rate environment it is important you work with an experienced broker who has a strong relationship with the lender.

If I were in your position I would get your lake house booked and stabilized before you take on a BRRRR and wait for things to stabilize in the next 6-12 months in the housing market and interest rate environment.

@Cynthia Miller :  If you like we can discuss your situation in detail and can try to help you navigate these waters of landlord/tenant environment.

We are currently in a pretty low interest rate environment 4% range.  

I feel that the risk of them calling the note due in a high-interest rate environment in several years is far greater than the risk of a catastrophic lawsuit that my insurance does not cover.

It's tough to find the good ones, they don't advertise and in this environment they don't have too.

The lease breaking fees simply by their inclusion in a lease shows that tenant do not honour leases.

I'm more concerned with these charts when certain asset classes are pulled out and/or isolated, and when they refer to specific urban environs and MSAs.