The rate i am getting is for investment not owner occupied property. Without the paydown to 417 the best i can currently do is a 4,5 refi, partially due to my credit being dinged a bit due to 2 small bills lost in the overseas move. The tenant was identified/screened through my realtor (who is managing the property) and was downsizing from a large estate in olivenhain but wanted to keep children near friends and schools. The home is 4000 sq ft LC oaks built in late 2004. I have seen higher rents achieved but am appreciating the fact that so far no issues and paying on time.