What are the terms (payment amount, interest rate, duration, etc.) of the existing financing?

Does this even exist?

.; remodeling an existing space; replacing or adding AC, flooring, insulation, roofing, etc. 

This will be subordinate to the existing FHA loan, but you’ll need to qualify based on your credit score, income, and debt-to-income ratio.Home Equity Line of Credit (HELOC): A HELOC could also be an option, offering flexibility in how you draw and repay funds, though it might come with variable interest rates.Balloon Payment Loan: This type of loan can offer lower initial payments with a large lump sum due at the end of the term.

So transferring properties with existing mortgages into an LLC without selling them to the LLC is a common strategy for most real estate investors seeking to protect personal assets and possibly enjoy certain tax benefits.

Just letting you know it exists.

Considerations should include existing debts and liabilities associated with each property to ensure a comprehensive evaluation.Communication is paramount throughout this process.

I just want to make sure I’m following the proper protocol for supplying heat in NYC as a landlord in the cooler monthsThank You 

I have decided to exist the NYS market due to the regulations.

Seems that you would need an additional living space like a TV-free "living room" (something I had in the midwest growing up, but aint nobody got space or $$$ for that in California) or a finished basement (another non-existent luxury where I live) if you want an additional living space to spread people out.