If you are trying to convert a property under and hoa into an str, your job gets even more complicated as the HOA itself may have its own regulations IF it even accepts it at all.caution: STR market is over saturated in these parts and some of them are shuting down and being converted into corporate housing, mid term rentals, or furnished long term rentals.

Sell that property, convert the frozen cash (equity) into liquid cash, and it coverts back to buying a property worth 5 times its face value. 

I used to live in this duplex and I moved out to convert it to 100% rental and refinanced.

I can likely convert one of the four 1 bedrooms to a 3 which will stay on the main heat source for the interim.  

Can you convert it back to an Airbnb for additional income and use the proposed rents to offset the mortgage so you can buy your new home? 

For example: Ceramic Tile throughout the entire home, 2 inch Quartz countertops in kitchen and baths, 2 toned real wood cabinets just to name a few. 

I was going to go with "High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds."

We have found homes that have basements converted into apartments, which we could rent out for income and have also found duplexes with one unit occupied.

With that being said even if we were able to find an attractive refinance opportunity, would it even be worth it when factoring in all the fees associated with converting it?

Sure, it just came available and it isn't the best area but livable. 5 bedroom, 4 bath converted 4-plex that is over 2700 sqft.