Alternative Solutions: If refinancing isn’t possible and a buyout is needed, consider a structured buyout agreement where the remaining partners gradually purchase your share, allowing you to exit while they assume full ownership.This post does not create a CPA-Client relationship.

Leasing at $3k/month covers your current mortgage comfortably, so refinancing could relieve the pressure of the balloon payment.

After the property is renovated you can refinance into a DSCR loan to have a better 30 year fixed rate that you can consider refinancing in the future depending on where rates go.

Your goal of buying, holding, and potentially refinancing in a few years is a great approach, especially if you're already running numbers and considering market analysis.

After refinancing we were able to achieve $628 per month.

Plus if you bought with all cash from the proceeds of the sale you would be trading down in asset value quite a bit.Depending on the refi rate you could consider keeping this and refinancing it to pull some cash out which you could use as a down payment on another property.Just some thoughts, hope they help the issue with the refi is those rates at the new loan if i do a 75% LTV will almost overcome the cash flow its producing now and basically get to a break even point.

Cons: Violates FHA terms (due-on-sale clause), risking loan acceleration; makes refinancing and insurance more complex and costly.For now, keeping the FHA-financed property in your name is safest.

With a 0% down VA loan and now a property value of $650K (+) we have refinanced a few times to get locked into a 2.25% sometime in 2021 and are now enjoying all the benefits of dealing with some long distance property management.

I suspect because some are struggling with liquidity since  they are holding loans longer than anticipated because their borrowers are having difficulty refinancing off their books.  

Tenant Stability: If tenants are renewing, lenders may offer better terms, so clarify lease renewal terms.Credit Profile & Cash Flow Goals: These will help in finding lenders who specialize in retail with flexible refinancing options.