I would check with Dennis Kahn at Homestead Mortgage or another popular mortgage broker here, Zach Starnes or there are several other lenders that can re-fi off appraised value much sooner than 1 yr.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

.- If interest rates remain high, this is further upward pressure on rents in the near-term, as the alternative to renting - buying a home with a mortgage, is expensive - this should increase demand for rentals. - Rents are also a function of supply - 2024 saw the most new construction of multifamily units in American history (nearly 575,000 estimated 2024 deliveries of new multifamily inventory), and 2025, while not a record setting year, will see deliveries top 500,000 again - a huge supply increase. 

Properties still have to be managed properly and who you do business with and their professionalism matters! 

Will rent out the unit we’re leaving which covers about 65% of our new mortgage, if we pocketed it but that stays in the rental fund. 

Your tenants cover most or all of your mortgage.

I purchased a FIRST LIEN Purchase Money Mortgage that foreclosed, originally from 2006.

Okay, let's say Joe hates Bob, Joe knows Bob has mortgage problems.

Quote from @Alvin Sylvain: This could be a good idea if executed properly.

We want to first cancel out the mortgage, move out of the other unit after a year and rinse and repeat.