My logic says to not replace it, the heater is from 2022 so it is not old by any means but it is definately small on a capacity side for the size of the apartment. 

Are there any specific considerations or legal aspects I should be aware of when making this transition?

On the other side many major companies are investing in Austin so growth looks strong in many aspects.

-Setting Criteria: Defining specific criteria such as location, property type, Financing Options (Including Seller financing), and comfort level to narrow down options.a.

The income aspect is a little different though, because you will not be able to verify, or they may not show income on their application if they don't have any. 

You can try to use their taxes for verification but it is still difficult, CAP rates will not reflect tenants that need to be evicted.Hopefully, this has been helpful in providing some additional aspects that are unique to CAP Rates and Mobile Home Parks. 

Now I gotta figure out this refi aspect of the BRRR method.

Define lowball.If it's a $380k house, I'll throw a $325k out there depending on where I'm at.

Private financing or hard money is generally used for acquisition and rehab financing for properties that won't qualify for more traditional loans, when speed is a priority, or when some other aspect will roadblock traditional underwrites.

I have a few other quotes for STR coverage that don't look bad but not as fully loaded as Proper and many of the business aspects of a STR.