House debt: 7500.004.

It would be a "DSCR" loan in the sense that it would need to debt cover, but not the same formula as the 1-4 units (rent/PITI).

Once you move out in 6-12 month you now have 4 units debt servicing the mortgage and cash flow.

The asset was purchased for $20.2 million with assumed fixed Fannie Mae debt at 4.91% (term through 3/2034).There was a good bit of understandable discussion about the terms…how we mitigate risk for ourselves and investors.

Mezzanine Debt and Preferred Equity. 

Eliminate debt, establish a budget, and save.

You must have money to service the debt on the property you do have, and to cover emergencies.  

-What's the Estimated Value and debt owed, if any?

Your cap rates of ~8% is slightly high, I would also pay attention to your debt yield.

You are making money on appreciation and debt paydown by doing nothing.