Hello Everyone, My name is Mike Travis and I am a full time Director of Sales for a niche area of real estate, where I provide guidance and negotiate sales of cell tower leases for building owners, landlords, commercial real estate brokers, etc.

You cannot refi most loans without an existing tenant and lease in placeBeing out of state complicates things a bit here. 

If you are planning to leave within the next year, i would do a heloc as investment property and there are a dozen places that will do this up to 80% of the value of your home.When qualifying for your next home, your lender can let you rent out your current home and use 75% of the lease as income to help you purchase your next property! 

Basically you need to be able to pay a large part of a long-term (multi-year) lease up-front, then still have some cash for renovation and interior/furniture, to finally recoup the investment through STR and a hopefully very quick way.

Oh Boy, I went browsing today......and I found an old building with reatil space (leased) on first floor and 2 separate attached Studios, and a 1 bedroom apartment. 

I haven't done a deal down there in a while, but when I was doing leasing in Akron 2 years ago, we were getting tons of demand on those listings.  

Toward the end of the due diligence period we received the final piece of critical info to make our decision: a lease agreement for a cell tower on the corner of the property.

However, lol, in this last year of the lease he asked if he could get out of lease 4 months early because of financial reasons (IE: job restricted his hours wasn't making the money he used to).

Hey BP, I'd like to learn more about a purchase structure I don't hear about often: just a straightup option to purchase or purchase option agreement (NOT a lease option). 

Some lenders are going to want 2-6 months of lease history before lending, others can lend with just a market-rent estimate, others don't even need to show positive cashflow.Ultimately every borrower is unique, every property is unique, and therefore every transaction is unique.