Since you mentioned you don’t have flood or wind coverage, it’s possible that your claim for lost income may not be approved.

With the goals you've mentioned, as bad as I hate to say it, I'd sell the condo and buy a single family home for you to live in.

Now, every 1% origination moves the needle by 20-35 bps, depending on the lender.Usually, the only folks paying extra points in this market are deals where cash flow is an issue and they need to buy down the rate for more LTV.I've brokered 300 DSCR loans, and the rates you mentioned are no way real unless you're talking very reduced leverage (50% or so LTV).

What she failed to mention is that SHE wrote the book!  

@Kurt Granroth the two groups you mentioned were the two I was going to suggest first.

Once the rehab is complete, the loan just converts into a regular mortgage, so no need to refinance and no second set of closing costs.As mentioned above, you haven't posted a ton of other details, so there may be a lot of variables, but I did a deal as a buyer in this fashion in the past.

Why are you mentioning prison?

You post mentioned costs. 

I'd also mention that with winter coming, you need to make sure everything is working properly. 

@Cali Skier as @Greg Scott mentioned, there doesn't appear to be a lease violation.You could try to be more aggressive about an early termination.Otherwise, just be aggressive on future nonpayment issues.