If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?

You don't have short-term maturity risk, and you don't have prepayment penalty risk (just has a 1% exit fee). 

My name is Rami, and I’m a short-term investor doing business in Texas, with a strong focus on the Dallas market.

I think there's a path to refinance that would flip me into positive cash flow, but I'm coming up short on ideas. 

I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

Hi All, I'm in need or a reliable tool to use when underwriting short term fix & flip loans.

So in short.

Of the many strategies I've looked into, House-hacking and short-term rentals piqued my interests. 

Our current focus is for a family lakehouse / lifestyle play here in TN but would like to work my way into commercial properties, short-term rental facilities, business acquisitions to name a few.

I have properties in the Buffalo area (a mix of long term and short term) but was looking into Syracuse also, so would be interested to hear the responses.