You might be the GUARANTOR of the loan personally, which MIGHT mean this is the kind of property the heart of the question on the loan app is searching for.- Should you disclose it -- I'd say this is the real crux of the issue. 

The lower LTV, gets me the Fannie and Freddie lenders and the great rate...the rates were in the 3.88-5%+ range as soon as the LTV gets over 55%Because of the building location in the heart of Hollywood, CA it will continue to appreciate and is a pretty safe hold, but, because of personal family circumstances I would probably hold for 10 years, even without the refi.

I'm not saying to be cold-hearted but I can tell you from 15 years of being an investor who self manages, the times I have tried to be a humanitarian are without fail the times I've been taken advantage of the most. 

Not for the faint of heart though.

Most on market deals do not have much equity in them unless they are very distressed and those are usually not worth representation by a realtor since the demographic buyers would be an investor instead of a "buy with my heart" on market buyer. 

I am so eager to get going on what i've had my heart set on for so long now.

For awhile Philadelphia was the best kept secret for a lot of NY investors but as of the last few years there has been a ton of NY money being dumped into philly, especially now because of the Rent control laws that passed here, but there are still deals out there. snap shot of philly - Steady population growth yr over yr - Steady job growth yr over yr - Diverse economy  ( top 3 health care, education & tourism )- Location...  2hrs from NYC "financial hub of the country" &  2(1/2) from Washington DC " the political of hub of the country.Philly new inspection laws are not for the faint at heart and are pricey. 

But I really have taken this advice to heart hearing more about people's success. 

I want to share a bit of the "heart" behind how I think through these things. 

Also remember investing in Toronto is not for the faint of heart.