While renovations faced delays, and initial rental demand was slower than anticipated due to construction setbacks at the casino, the property is now performing well as a long-term rental.

Extensions are likely granted, if needed.You will receive $3k relocation assistance at the end ( unless you have other liens, back due water/sewer/HOA etc. ) You can also stay in the home until the sale closes, which gives you at least a few months payment free to be able to figure out where you will relocate.

The underwriting is strict, and your experience level and ability to perform will be scrutinized.

And most people that I speak with, will actually take the property for what it is today and write it off and try to find something that is performing more optimally.

Question1> Cash Out Refi LTV: Single assets versus multiple properties: If all properties are performing how many should be considered into 1 portfolio loan, or should properties be enter into loans separated then combined?

CAR met with them last week and are attempting to get an extension till April but no word on that yet.

Not many condos here stretch rental market to another level. 

Can you please share why or why not and how the performance played out over a longer period of time?

I am also planning more extensive renovations to modernize the home, which will further enhance its appeal and value.

It was quite extensive, all new electrical, hvac, plumbing as well as foundation, painting, floors and yardwork and demo of shed.