Your rate is not that high on the rental to do a rate and term to reduce it by a fraction and inherit those closing costs.The primary is the one where you can pull out up to 80%LTV cash and reduce that rate. 

Non-warrantable features for conventional loansCommon non-warrantable properties include condotels, timeshares, fractional ownership properties, multi-unit condos (the condo unit itself is two units), condos in a permanent care/assistance residence, and other projects which require owners to join an organization, such as a golf club.Manufactured housing projects and other developments which are not legally considered real estate are also excluded from warrantability.

I'm referring to tax liens, cryptocurrency, microlending, etc.Lending is probably the best route if you can get into something like earnest money loans or fractional notes.Crowdfunds may be an option, but there are limitations on how much you can invest if you are not an accredited investor.It may be best to just plunk that money in some index funds and focus on contributions for a while.

Building a nice solid relationship with the existing loan officer and CU is worth more than the aggravation of looking for a fraction of % lower interest rate with a different bank.

During this time I made a fraction of what my bosses did, even on the deals I figured out better than they did.

Looks the same but a fraction of the cost of buying Restoration Hardware paint for example.

Some CPAs will be lazy and just always put 365 in there, even though you only owned the property for a fraction of the year.

It sounds like he is wanting to simplify things so he might be a very good candidate for a passive fractional 1031 compatible product instead of anything actively managed. 

Mine have held up well and completely transformed the kitchens for a fraction of the cost to replace just the doors.

You will be able to see the entire project from beginning to end and on the next one you will be 100% sure that you can do the job or not based on this experience.You will solve several problems in the process:You will be sure that the job gets done correctly.You will learn how to do the job yourself.You may save some money on this job.You will be more confident in your ability to do future jobs of so inclined.You may decide that its more trouble than its worth trying to do this yourself when there are people who can do this quicker and more efficient than you and at a better quality for a fraction of the cost of the time it will take you to do it yourself.Either way it will be a good learning experience and you will know exactly what it takes to get the job done and how much your willing to pay for said work.Hope this helps.Jeff V