I'd then look at the interest savings vs. the cost of the refinance + penalty and see how long it would take you to recoup those costs. 

Hi everyone,I’m new to real estate investing and I’m considering getting into long-term multifamily rentals.

All in all, I'd like to worm my way into the REI space and preemptively thank everyone who has taken the time to read my long introduction and offers their advice.Thank you,JohnTo keyword farm: rehabbing, fix and flip, house flipping, BRRRR, multi-family, apartment, long-term rentals Holla

We also have to remind ourselves that real estate is for the long run, meaning a D class neighborhood today could be a B class neighborhood in a few years. 

My recommendation would be to get approved as a Landlord, contact the director's office and request that an inspection be completed before a tenant is selected (sometimes they will do this as long as you select a tenant within 14 days - which you want anyways), and have an online application and screening resource in place.  

I was working with Kiavi on a DSCR cash out refi 75% LTV on a SF home in NC that is rented to a long-term tenant.We setup the application, credit came through and the appraisal came through for both value of property and the "fair market" rental value.

How long? 

These loan types allow you to do up to 90% of the purchase price and 100% of the renovations financed as long as you meet experience, credit, and LTC/ LTARV requirements based on an appraisal or virtual inspection.

I want someone who is not only financially capable but also shares my long-term vision for the properties and has experience with seller financing deals.2.

It seems like it has been on the market for a long time.