I was told by Wagner that the builder is trying to refinance the construction loan as the cost of construction has increased. 

Be frugal, have a budget and use your time to increase your income

Absolutely - East Hill is a really popular area for traveling heath care professionals, as well as military on short term TDY orders who are looking for furnished stays.Keys to success for my condo have been keeping the furniture fresh, and not looking like every other listing out there.

Am I going to make money on it, is there a value you ad opportunity so that I can fix it up increase the rents and thus increase the value of the property.

Of course there could be some other local businesses that might would want to use or share a couple of the offices that would possibly increase revenue. 

It has increased steadily over the past couple of years and is now at 3.90%.  

Those were very good areas a couple of years ago when people were less aware of Ocala but it's gained in popularity so it's become tougher to make the numbers work, but there are still deals to be had, especially for rentals.

The shorter the prepayment term has an impact on increasing the rate.4.

Tell him it's time to do a remod and as a business you hope to market the place at a substantial increase.

For example, the seller could receive a percentage (say 10-15%) of the $150K equity increase upon refi.