If I keep it, it will end up running down more or I will end up losing it to the financial institution. 

There's a moratorium on building multi family in my town that was instituted to stop an enormous multi family development.

My guess would be that it would start a new loan, but I know that there are some loans that can convert over into a different style later on and you would want to ask your lender about that because there are probably a lot of various criteria for things like that depending on the financial institution. 

Lending institutions generally use 1.25 DSCR to underwrite. 

I'm sure other institutions will loan more.I hope that helps a little.

Seattle instituted a law that required landlords to take the first applicant even if a felon or pedophile regardless of your concerns for the safety of you or others.

If not than most states have on the State's State Department Website (or something similarly titled) a list of banking institutions who are legally registered as banks in the state you're in.

I enjoy sports, playing guitar, and the beach.I have completed the 135 hour real estate salesperson course through Rockwell Institute, and really felt like I learned a lot.

Account ClosedI would suggest that waiting for a crash is a terrible strategy, as it is hard to know when the bottom is, you lose money not being "in", you will be fighting hords of investors trying to pick up deals, institutional money is going to be blanketing the country, keeping upward pricing pressure even if we do get a correction, and what will you actually save?

Banks generally will not foreclose on a performing note but every institution has its own policies.