What scenarios do you see options for?

The only other option in VB at the moment is home share.

Given these factors, is it worth losing some cash flow by refinancing to a conventional loan, or should I explore other options?

I try to give them a couple options, but I do not let them refuse entry.

I give them an option: $50/mo per pet or $500 up front.Most choose $50/mo/pet.

Keep in mind that condos are typically a more affordable housing option, resulting in more long-term residents.

One option rather than doing that could be Subject To - in which you buy the house for $184K subject to the existing mortgage.

This certainly makes the 1031 option (when available) all the more important, since it is now shielding you are 30-ish percent, instead of 15-20%...Not to say it isn't worth it, if you actually qualify, but something to understand, particularly in syndications where you have no say in hold, refi or exit.

You are disputing a condo agreement we do not have and we know nothing of your paint and vent beyond what you say.Regarding amending the lease, it can be a simple document you and your tenant sign stating that you are amending the term of the lease to be 2 years, and the tenant has an option to terminate the lease at 1 year.Regarding the bathroom, if it has a tub or shower and no other ventilation, I would go with the vent fan as the root cause.

I know of a very cheap option so let me know if you want the contact.