The funding fell through after seven months, so I put it back on the market.

If rates did drop, that 3 year fixed period means their rate would automatically drop with it, so they wouldn't have to refinance if they didn't want to, but if they did want to (cash out refi made possible by a recession forcing more elderly people into assisted living facilities, thus driving up rents, and the value of assisted living facilities? 

Depending on the loan amount and LTV there are even some automatic issuances with no appraisal requirements. 

In July 2023, the Buyer Activity sub-index was at 45.Buyer Activity levels declined in six of the seven regions, with only the Northeast (56) managing to stay above the 50 breakeven point.

Quote from @Seven Mata: I came across bigger pockets and I became infatuated with Real Estate & the house hacking strategy.

City is home to seven Fortune 500 companies, including Procter & Gamble, Kroger, and Fifth Third Bancorp.

I believe assisted care living is covered as automatically permitted in residential (assisted living considered residential - hospice is not residential due to being transitory). 

There is a tenant on a 2-year lease at $950/mo, with an automatic 3% increase after the first year.

There is a tenant on a 2-year lease at $950/mo, with an automatic 3% increase after the first year.

Do you know whether its an automatic process or will I have to ask the lender to do so ?