Not sure about the community property laws in OH but I'd wait until the dust settles, in TX you'd re-fi it to get it into your name.Why is it taking so long to get it rehabbed?

The benchmarks above are proxies to help facilitate an internet post...consults with lenders will provide more clarity.Check out the attached link, slides 6-11, from James Eng, BP member and multifamily lender. http://www.slideshare.net/JamesEng2/multifamily-fi...

The interest is a touch higher @ 1.5 points than a standard 20 year note and the bank re-fi's at the end of the 3 year period at the then rates which will they then will re-fi for 17 years.  

I do have some experience investing, but am by no means an expert, and I've never attempted the BRRRR strategy.Our second option is to pay off around $14,000 of debt (low interest rate, around $4%), which would save about $350/mo in expenses, allow us to get closer to FI, and increase our savings rate.

This applies to liquidity events such as a sale or cash out re fi.

@Alan F. I

Or are there any considerations I should think about when purchasing and looking to re-fi and leverage the dollars into another project?   

Does anyone have a good re-fi lender to re-fi out of my hard money loan?.

@Jill F. I

Thanks Mike F. I