My experience has been that most lenders don’t immediately move on this, many don’t take action for 6 - 12 months.  

Only thing is it won't be easy to track especially if you have a 10 unit and all the rents are all $450 a month. 

Its a month to month and im in a weak position even to ask the tenant to renew lease now and they seem they are willing to stay they just need a solution to the issue.

January is historically the lowest demand/income month so when a cancellation happens it hurts more.

If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.

Great PM. check came in monthly.

Points I can roll into the cost and don't mind a buy down if necessary.My primary concern is the bleed rate monthly for the build, Airbnb stabilization and the year after while we season it and prep for final financing for long term hold.

I would wait 6 months.

My goal of refinancing was simply lowering our monthly spending to reallocate towards future investments.

Hi Ursula,Even though this post is a few months old, I thought I’d chime in just in case you’re still working through this or for future projects.