Quote from @Jackson Harris: Quote from @Justin Brin: Quote from @Jackson Harris: Hi Justin, first off this is great and I'm glad you're looking at these trends before going forward. 

We have been in Business since 2000, survived the 2008 collapse.

I'm in the Harris county market for the last 2 years.

I know @Merritt Harris does STRs in the area...probably MTRs also.

Quote from @Harry Ji: Quote from @Zorya Belanger: Quote from @Harry Ji: Quote from @Amit Garg: Thanks @Zorya Belanger for your response.

@Osric Harris So any guidance or help would be appreciated.

Quote from @Theresa Harris: Talk to her case worker and let her know that you aren't renewing her lease. 

Yup @Dawn Harris.

The 2-3% points in extra cost are worth it if you plan on using as I described above because the use would be for a few  months at most and due to that short term use you can survive a rate adjustment up.But, if you have no plan to payoff the debt like when using for a down payment on a long term hold why pay the extra cost for flexibility and have the additional risk of the adjustable rate with the amortization looming when you can get a fixed rate second mortgage. 

Look how many died in the Great Recession which was nothing as severe.On the other hand, the debt-free ones will be in a much stronger and better position to survive (because they have no debt payments to make).