You could refi out of that loan once you have your C/O. 

@Windu C. this is an easy ask. 

The three properties referenced above: a) one turns into a mid-term allowing me to get higher than normal rents that cover everything; b) one turns into a short term; c) the third I focus on getting the highest dollar with short fall of may $100 per month and planning to raise rents in the next few years to cover that eventually.Problems: I have been a long time airbnb user.

If you're not from a market and have no experience, you should keep your opinion to yourself instead of recommending to a NEW flipper to get started in C and D neighborhoods.

A class C property in a higher crime neighborhood?

But I've been renting class C in NY for ten years. 

Thermal scan is the way to find exactly where the leak starts and then open up to see what's inside, A/C condensate line, plumbing drain, water supply...gutter overflow or even a roof leak running a rafter/truss...it could be any of those. 

These neighborhoods are usually less risky than C Class areas, but showing solid comps, market trends, and your plan for value-add improvements will boost lender confidence.If you need any help with financing options, structuring deals, or putting together proposals, feel free to reach out→ I'd be happy to assist!

I am an investor based in Fairfield County, CT and just rejoined BP after many years away.From 2005-2011, I got up to ~150 units in SF & MF both rehab & new construction, Class B & C, but (regrettably) sold all to focus on institutional real estate and private equity.Since selling off, I got an MS degree in real estate and participated in most asset classes institutionally ($10-250mm+) with a focus on SF & MF.

Quote from @Joseph Weisenbloom: Educate the Tenants on how A/C functions.