Additionally, installing a makeup air system along with a ducted vent hood seems impractical and costly.I've considered alternative options such as a recirculating vent hood, but I'm concerned about its effectiveness in removing grease and smoke. 

Short and sweet but highly effective💯!

And even without that, the threat of one can be similarly effective. 

The new loan at a 5% interest rate would then pay off the seller's remaining balance, effectively transitioning your financing without additional down payment.It's also worth noting that some lenders might allow a "cash-out" refinance, where you could potentially take out more than the existing loan balance, given enough equity in the property, which could be used for further investments or improvements.

It seems like you might be ready for the next step and start rehabbing the lowest hanging fruit.

To manage tenants effectively, I'll enlist the services of a reputable property manager.

I wanted to share this resource, as many of us are facing challenges in navigating the realm of passive investing or being an effective limited partner in a syndication.

Highway 74 is one of the more exciting developments, and as someone with Family in the northern outskirts of Winston-Salem I must say it's a great improvement in local infrastructure. 74's goal is to effectively create a beltway that circumvents inner city traffic and links to the highways that people are frequently trying to get to.

Recasting generally means making a lump sum payment to principal, which is an effective way to reduce your monthly payments. 

@Juan De La Garza, there are two factors here: a) what are you expecting out of the sellers financials that will effect value?