Right now we are still in the process of removing two of the other three tenants (I think we finally made it, aside from a junk car left on the property) and working towards getting the place fully rented.

After the four months I still wasn't pulling any leads so just continued on for another three moths with them building backlinks.

My question is when the three years are up is there a way for me to “refinance the house into my name based of off the equity instead of having to qualify based on my income and pay the owner off”.

I can only see three reasons to deleverage, if:1) You are retiring and prioritizing the establishment of a stable income stream.

.- These total 10 duplexes should bring in 30K gross rent per month and cash-flow about ~3-4K/month.We don't plan to use any of the cash-flow for personal expenses and after keeping sufficient reserves, we will funnel the cash-flow to pay-off existing properties.

They give 3 three year forbearances-1 for if one did not find employment or underemployment in the job they were expecting, another 1 for similar financial hardship if their salary is under a certain threshold, and another 3 years for any no particular reason if requested.

We had to request correction of multiple other items that we did not feel were finished with sufficient attention to detail.

Fund 2 looks like it will have a 1Q distribution at the level of 6.5% annualized, same as 4Q 2022 but down from the full 8% preferred that was distributed in the first three quarters of 2022 and all of 2021.  

Insurance is great and absolutely required but it may not be sufficient if a renter or tenant comes after you.I have always suggested that investors go in highly leveraged.  

I am currently pondering between three options.1.