I also feel like a 4.8% rate is huge, 100LTV or not.Sorry for the lengthy thread, hope to get some insight from some other professionals on here.thank you!

I really like your idea of having them pay for the first months rent in exchange of not starting a lengthy legal battle that will probably go nowhere.

I'd move in and start the refinance while rates are where they are at, rather than after a lengthy renovation.

Since the section 8 tenants are not paying much for the rental, they have less incentive to keep the property in great shape and every renovation eats at your cash flow.More Work to Evict Difficult TenantsIn NYC its already a lengthy process to evict a tenant now add a Section 8 eviction in there, that means more work comes into play as you will need to send copies of documentation throughout the eviction process to your local housing authority office or case manager.

If rezoning is needed that can be a lengthy and difficult process depending on the municipality.

Originally posted by @Kanwar Sodhi:Don't know what the truth is or the backstory but if this is going to do more harm than good to your personal rep, I'd let this go ASAP unless you can resolve this.Her writing this on her page is the equivalent of someone shouting about you out loud in public, don't respond to her on her page or directly or she'll get paranoid you're stalking her.I have quite a few lengthy texts from her, all rambling and crazy. 

CLE Flip Velocity Report-- Erin Dorsey RobinsonSo, this has gotten a little lengthy and there is so much more to say.

CLE Flip Velocity Report-- Erin Dorsey RobinsonSo, this has gotten a little lengthy and there is so much more to say.

Is the lengthy timeline not worth it?

Lessons learned are very lengthy, but here's the short list: Always check flood zones, work with a contractor that is used to working with the city and pulling permits, work with a contractor that is used to working with residential properties versus commercial, schedule regular meetings with your contractor to check on status and hold accountable, be sure to consider permitting time when calculating holding costs, and lastly, be sure to have reserves in case of natural disasters (i.e COVID)