From what I'm gathering on this thread, though, it seems like there wouldn't be anything to "preapprove" if the intent is to use a portfolio loan; you'd have to have a performing asset in place in order to demonstrate an ability for the investor or LLC holding the property to pay back the loan, and you'd run the risk of leaving all your capital tied up in the property if you were ultimately unable to get approved for that portfolio loan when the time came. 

However, I’d think most contracts have a deadline for performance where you can then terminate and get your earnest money deposit back and move on.

Less risky, because it's still a roof over your head and you can see what performs the best.Good luck with everything!

The property needs a new roof, a new parking lot, and a few other minor improvements to enhance its performance.

Also read your lease as if tenant could easily see damage being done and did not report it, they may be liable, not sure how that works in court if it comes to it, especially if you didn’t perform inspections that would have found it.

It is likely any investment in that area will out perform larger market.Note if someone can creatively address the tic/coop financing issue, they could virtually split anywhere.  

Hi Jacky, it's important to look at how well rentals are performing in your area.

Rather than speculative talk, I'm curious to hear about actual performance. 

Calculating ROI (CoC, Flow, Appreciation, etc)Would love to know how, and how often people are looking at the numbers to determine when to refinance, sell, or just track performance. 

You want to keep it as you like the cash flow or see the market really performing well for the next 2-3 years.