Scenario 3:In this scenario we take the base case mortgage presented in the Scenario 0 spreadsheet and a lump-sum principal payment every 10 months commencing at the beginning of the mortgage (month 1).The result is the effective amortization is reduced to 16.92 years and the total interest paid is reduced by $36,456.04 (46.9%).This is an improvement on the approach you advocate and amortization table snippit posted above.  

Actual damages for breach of the rental agreement may include a claim for rent that would have accrued until the expiration of the term of the rental agreement or until a tenancy pursuant to a new rental agreement commences, whichever occurs first, provided that nothing contained in this section shall diminish the duty of the landlord to mitigate actual damages for breach of the rental agreement.

It says the leases is COMMENCING (aka beginning) on that date. 3.

Distributions will commence as of Q3 of 2023, and the majority of profit will be realized upon the sale of stabilized assets in year 5, also per our projections.

Under SB 567, the notice to terminate tenancy must include a description of the work to be completed, copies of required permits, the date the owner expects to complete the work or demolish the building, and notification that if the substantial remodel or demolition is not commenced or completed, the tenant must be offered the opportunity to re-rent the unit at the same rent and lease terms as when the tenant left.

Once the court case commences and assuming it is in my favor, what would the next steps be?

Kind of a misnomer since you aren't really "refinancing" any previous loan, but new debt on a previously owned property that was owned free and clear will still have "refinance" terminology label.Correct on not needing to see a history of rental income - just forward-looking, there will be some variance among lenders and situations though whether the refinance can occur only after the lease has begun or if they will allow the refinance with just a signed agreement but not yet commenced (i.e. if the tenant signed an agreement today 9/10/2024 for a lease starting 10/1/2024)

However, it is the third factor—whether investor business had actually commenced—that is determinative here.In investor’s business outline, dated May 10, 2004, he indicated that he was starting Value Property Investments “for the purpose of buying, remodeling and renting property.”

If rent is not received when normally due, then eviction proceedings will commence.

Here are some of the details:Purchased: June 2023Size: 4,300 SFlocation: Greenville, SCTenant: NNN lease, 3 year lease with renewal options that commenced in April 2024.Tenant pays $6,200 total. $5,000 net after taxes and insurance Internet is responsible for maintenance.Down payment: 30kValue: $725k +Current loan: $440kI just wanna pull $50-$75,000 of equity out of the property without being killed on a really high interest rate.