Can I get a bridge loan for a longer period? 

Our local statute specifically says: "the tenant shall not be considered to be absent from the dwelling unit without notice to the landlord during any period for which the landlord has received payment of rent."

On an average $400,000 home that amounts to $12,000 savings over a 30 year period. 

So now it will be a 4 year redemption period.

I thought my multi unit was using a ton of water because it was 33,000 gallons in a 6 month period.

The deal would be something along the lines of 3-5% down and financing at a fixed rate amortized over some period (probably 20-30 years). 

In the near term appreciation is not guaranteed, but over a long hold it has been a virtual guarantee as it has occurred for every 12 year period going back to start of price records and the 12 year was the Great Recession. - equity pay down is significant on expensive property.So if using 50% expense ratio, if you are less negative than market rent, you are likely doing better than most local RE investors.  

However, if you have to pay them back in a short period of time and make high interest-only payments monthly, that might work against you.Have you tried asking for owner financing terms for the $230k?

This helps document the issues and if things go beyond the notice period you are all ready to move forward.

My state law requires a 3-day "grace period" so I charge a late fee on the 5th.