We usually cut a permanent dryer vent in the wall and use that to exhaust it to the outside (instead of hanging a hose out the window, yikes again).If you don't have forced air in a property (meaning if you have hot water radiators) a mini-split system is one of the most cost-effective ways to cool a house.

When we finally move to SD permanently  I plan to refinance, pay it down and reduce the loan.Does this seem like a reasonable plan or should I allow the 3% rate to lock me into that rental even though I want to use that equity to buy in SD rather than wait several more years, till I save up more for a down payment to buy in SD?

Great chance we are quickly creating a permanent class of renters or expanding it.

It is permanent.

I’m in the process of buying my 3rd property, which will be my primary residence for my family and I, it will be our permanent home for a lil while.

>>>>>>>>>>>>>>>>>>>>>Multifamily bridge loans:Loan Size:$1 million and upLoan Term:Short-term, typically ranging from 6 months to 3 yearsMost common range is 12-24 monthsExtension options may be availableInterest Rates:Higher than permanent financing, often in the teensRates vary based on creditworthiness and collateralGenerally 7-10.5% for multifamily, 15-24% for other commercial propertiesAmortization:Typically interest-only paymentsMaximum Loan-to-Value (LTV):Up to 75% of total project costCapped at 70% of the completed or stabilized property valueFees:Origination fees, legal fees, closing costs typically 1.5-3% of loan amountFees can include appraisal, administration, escrow, title policy, and notary chargesOther key characteristics of multifamily bridge loans:Fast closing process, with funds available quicklyEligibility based more on property value than borrower creditOften used for acquisitions, renovations, lease-up, or repositioningProvided by private lenders, venture capital firms, and commercial real estate lendersNeed to be refinanced or paid off quickly via sale or permanent financing>>>here is how extension options can impact the overall cost of a multifamily bridge loan:Extension fees: Exercising an extension option on a multifamily bridge loan typically requires paying an extension fee to the lender.

I am happy to see that my analyzing thus far has not been too far off track.Say I move forward with the farm purchase and want to use the equity to fund BRRRRs, here are where my thoughts lie:* Dont cash-out refinance: I don't want to increase my monthly payment and have that permanently.* Collateral for Loans: I haven't explored this option, but my concern is keeping the asset protected if a project goes terribly wrong.* HELOC: this is how I believe I could use the equity and protect the asset.Is the following a correct assumption? 

If so you can expect a rate in the 6s with a permanent buy down.

Knowing you can do it the right way now, I would advise against it.If you convert it into a legal rec room, that would only be a half bath and the City may require you to have two covered parking spots (like a permanent carport). 

I know that we're not choosing the "safe" route, but I know that if my mom doesn't replace her income and tries to go back to her job she will have a second stroke within a few years, and the consequences of that will be permanent and life altering, if it doesn't kill her.