Personally, i dont have any family here in Boston, just college friends, who will graduate and go to different places or back home.

As soon as interest rates or your personal situation are favorable you can then refinance at any time and eliminate the hard money lender.

Hey how's it going all. My name is Chris, looking to start getting involved in making some passive income. I am an Automation & Workflow Manager, Specialty in AI. Been in IT for 20 years, looking to put my skills ...

Everything I've purchased personally, including a recent 4-unit purchased last month, has been heavily cashflow negative initially and it usually takes a good amount of work to get it to cashflow or break even within a relatively short period of time....6-12 month approximately.

Originally posted by @Bill Carovano:@James Masotti - Personally I think Podio is a very robust Project Management tool--among the best I've seen and I've tried lots of them over the years. 

Doing this in person is difficult your first time.

I'm sure there are plenty of paid mentors and coaches out there, but from personal experience its been the on the job 1 on 1 time with someone doing what you are trying to thats been most impactful to me.  

Option 3: Find a better investment at this time.Stop thinking of yourself as a real estate investor and start thinking of yourself as a well rounded investor.Pay off your mortgage: Your money is not working for you when you spend it on liabilities like a personal residence.Buy Rentals with little/no cash flow: You are speculating what a rental will be worth in 20-30 years.

But if there is a chance that the previous person could have done something and it just became dislodged and blocked it, no. 

Also, I personally wouldnt cash out refi right now just because the interest rates are high but thats just my opinion and it really just depends on the numbers if you want to make a calculated decision.