Thank youCREATING a note from the sale of rental property can be beneficial IF either of these two possibilities exist(1) you are able to obtain a significantly higher price on sale of the property by offering a seller financed note WITHOUT an undo increase in default risk(2) you are able to “wrap” an existing mortgage note bearing a low rate of interest with a seller financed note bearing a higher rate of interest. 

Make 20% increased payments for 2-3 years, stockpile your cash and after 2-3 years pay it down more if you really like. 

The main question is $950 a month worth all the upfront time, and the potential increased time when things go wrong.

Louisville MSD just increased rates 7% again and this year we are averaging $700/month between water+sewer bill which has basically bankrupt the association as all prior years were budgeted for half of this.

.- a cash offer could be extended to obtain a discount at purchase that could be refinanced after purchase- a high cash flow low appreciating market with historical appreciation below the appreciation rate can benefit from the increased cash flow of 0% LTV versus the little benefit (in this case) of the increased return that could result from leverage.The reality is that many cash purchases are not unleveraged for long.  

To do the cash out refi I want(leaving more cash in the deal than taking out) I would only have a $200 increase in the PITI.

The multi-family house hack can also work to increase cash flow other than just renting out spare bedrooms. 

This update is crucial to ensure lenders recognize the increased value of my property, especially since I have equity in the home and am looking to refinance at an opportune time.Is it necessary to hire a licensed general contractor for this type of project?

Additionally, consider hosting open houses to increase visibility.

Rehab: Coordinate with local contractors to perform quality, cost-effective renovations to increase property value and rental potential.3.