The difference between the two is an entire new loan or a second equity tap which will give you whats called a "blended rate" option.

Nationally most blended commercial and residential PM operations appear to be trading at a 3 to 4 times multiple of EBITDA. 

I tried Ryze but it doesn't blend well. 

I believe in the power of real estate to generate lasting impact and am eager to navigate this journey with a blend of patience, education, and collaboration.I would greatly appreciate any advice, insights, or experiences you’re willing to share, especially regarding navigating investments both within and outside the Bay Area.

I took your advice and blended it with what i wanted and thought. 

Guess what since previous weak tenant was market rent you are losing your ***.I look at high cap stuff when it's few years left ( blend and extend ) or it can be weaker tenant at higher cap rate like 10 cap BUT I want them paying about half the going market rent for the building size or less in that market.

Tampa shines for its blend of affordability, strong job market, and appeal to renters.

If your goal is to maximize roi then listen to @Julie McCoy.My personal goal is to blend a maximum roi without owning 20 nickel and dime properties with 20 headaches.

Ask any questions that come up but your best use of time is cost benefit between a second position (blended rate calculation) or a full cash out refinance. 

@Alyssa Magyar I'm also trying to set up a townhome for a STR/MTR blend; at least that was the plan.