For example:- Lender drops the LTV to account for additional risk. - Tenant agrees to either start the loan with recourse, with it burning off after the extension is signed, or start the loan as non-recourse with a springing trigger if tenant does not sign the extension soon by a certain deadline. - Lender requires a heavy TI/LC reserve until the extension is signed.

Feel free to reach out if you have additional questions.  

The new property has to perform enough better than what you have to pay the higher interest rate on the higher balance, AND ADDITIONAL profit just to payback the $65k you lost selling.

Additional Details:The property is in a desirable area with good amenities nearby.STR data from AirDNA shows decent revenue potential, but the lack of comps makes me hesitant.I’m looking for a balanced approach that minimizes risk, even if STR performance doesn’t hit expectations.If anyone has experience investing in Cincinnati or navigating markets where STR data is sparse, I’d love to hear your thoughts.

Our last one went from STR to live in flip + parceling off additional lots.

Many folks are once again turning to RE and RE related assets as a new form of income or additional form of income, etc.

With this comes additional transactional costs that are more likely to present themselves in this asset class than other price point SFH's.

In addition, the tax implications are better on a refinance which you will be able to deduct. 

Since 1031 is tax deferral, I assume the gain is calculated with the likely substantially lower basis from the pre 1031 property acquisition + additional cost over the years.And yes, recapture all depreciation ( on both prop before and after 1031) make sense.

I can pursue a legal action against the tenant or Baselane, but this will cost me additional $2-3K in legal fees besides dealing with a loss of at least $5K of rent and damages caused.