It combines features of a HELOC where it factors money daily (how you save your interest), it takes the max ceilings and floors for rates like a ARM mortgage, and it also acts as a checking/savings account in that you can store and draw money from it for the life of the term (usually 30 years) unlike a HELOC where its 10 year draw and 20 year Principal and interest no more draw after year 10.Where the benefit comes in is opportunity cost of interest since interest is factored daily you could park your pay checks, savings, and other cash instruments into this LOC or HOA loan and save on the all differential in daily interest charges that would normally be paid with a standard 30 year fixed mortgage or other typical mortgage that factors interest/amortization "monthly."

@Chris Music Chris, thanks for your valuable feedback.  

They're the ones who will park crazy and take up two spaces, "forget" to pay rent on time, play music too loud, etc. 

I am considering a tenant who also teaches music from home (her current place). 

"Steve never washes his feet" "can you remove Stuart from the property as he plays loud music at night"Just goes on and on.

As a tenant, if the restaurant has music and/or sells alcohol, it can be a problem. 

It's been musical apartments!

My primary concern was if the tenant downloaded some illegal music or something else I could be fined for or the fiber equipment could be damaged, under this arrangement, I am not in charge of the account used to login to manage the google fiber connection or the equipment that's used at the residence.Hope that helps anyone interested in doing so themselves.

It is not your neighbor's role in life to listen to your tenant's music, loud guests, or anything else.  

Treat that money like you're dealing with the portion of that persons life they traded to earn it....Well put.the owner has every right to foreclose should there be defaultConsider running the instrument you will use with your real estate lawyer .