The information contained in this post is not to be relied upon.

I think it’s easier to account for that extra cost as opposed to folding into the nightly rate. 

It’s happened to many many people on FB pages that I belong to.

Building inside the city limits of my little town has been and continues to be very rewarding.

Hey BiggerPockets community, I’m based in Florence, South Carolina, and I’m actively looking to connect with multifamily syndicators in the area or in surrounding markets like Columbia, Charleston, Myrtle Beach, or even Charlotte, NC.Whether you’re a GP, LP, or somewhere in between, I’d love to learn more about your journey, your current projects, and ways we might share insights.

Any suggestions on how I could reduce the amount of interest that is going to the HELOC? 

I say that because it is going to matter how long you plan on staying in the property. if you have stable income, and plan on living their long term i would go 30year fixed, but if you plan on staying for a few years then moving up or switching locations - an ARM is not a bad choice, but it also depends on your down payment. if its a low down payment go with the fixed because if you try and refinance due to rate hikes and the equity is not there, it will be very painful.So TLDR version, unless you know for a fact you will be there for a short term, go ARM, otherwise go fixed.

I don't want to charge more than I should.  

. - If you are planning on managing these yourself, be sure to get a good team in place and prepare for things ahead of time that will inevitably go wrong.

You can't just go to the next deal.