With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

And you are looking at an interest rate around 7% instead of over 10%. 

Some people only want 10-20% of their outstanding lines/debt balances available while the other 80-90% to be in fixed rate notes.

I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.I moved out of the condo in mid-2024 for a job, and by September, my tenant noticed mice droppings.

My question is should I just suck it up until April, or should I drop my rent rates now to get renters.

Anyone dissing Jerry, or anyone else out there who is genuinely putting in the work and deserves every penny they EARNED - In addition to dropping gems that are unmatched in the industry are either under a rock, or don't know what they're talking about because they haven't put in 2 mins of the work to give the man a chance.

2. don't use an appreciation rate.

Don't expect rates to come down. 

Your interest rates are low. 8.5% is around the "market rate" for owner finance buyers right now...30-yr, fully-amortizing2.

The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.