Rental Demand and Rates: What is the current rental demand for ADUs in this neighborhood?

The headache of playing peacemaker between 3-5 unrelated tenants doesn't sound worth the premium management fee; not to mention rent by room generally brings in lower quality tenants which require significant more management.With that said, higher rates are pushing investors toward rent by room simply because it's the only option for cash flow (at least in Denver) which is why I have so many folks reaching out.If you currently have rent by room investments or perhaps you're a PM currently offering rent by room, I'd love to hear your feedback and any advice you may have. 

What was the specific rate he was quoting you?  

 I would refi quickly and do a rate and term or pull a bit of cash out. 

That can be used to buy down the mortgage rate or reduce closing costs. 

Quote from @Pete Tarin: How does one go about assuming someone's mortgage with a better interest rate when purchasing a property? 

All 4 are booked for thanksgiving but 3 of them booked late enough that they received the late booking rate.   

I have 30-year fixed rate loans on all rental properties. 

The loans are fixed rate programs, and the additional renovation financing is included into the one loan.

You might find a HML hard money lender that may offer this but your going to pay a ridiculous rate and points/fee's.