However, the existing tenants are paying about half of what current rates appear to be, according to my research on Rentometer, Apartments.com, and HotPads.

It certainly gives the appearance of a spacious and luxurious living space.Thanks, Jack

Partnering with a money investor could help to enhance the property's appearance and value.

It will lead to less cash out of pocket even if their LTV's might appear lower than lenders who do not capitalize the interest reserve or finance settlement costs or origination fees.

What is the best equivalent of Furnished Finder in Canada?

Should the project be 100% complete before I sign this as it appears I am waiving my rights to hold the contractor accountable after this letter is signed.

This shows that there are buyers for the multis, but at the same time those new owners appear to be picky about the tenants they choose.

The IRS has ruled that depreciation of "1245 property" (the segregated personal property) may also be deferred in a 1031 as long as there is an equivalent amount of 1245 property in the replacement property. 

Tenant appears in court and requests for a trial.

@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.