“Notes” are such a BIG field, that I’ve found it more efficient, effective and profitable to target specific “arena” of notes at different times in different economic environments.  

And this seems to be effective. 

Spread your risk around because even your best due diligence won't eliminate all risks.

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

Welcome advice on cost-effective way to transfer money.

So in effect investors already lost 15-20% of money. 

It may effect lease renewals.  

Then you have someone who understands the investors goals well and the technical experts really working together effectively. 

How would 7% interest rates in 2025 effect the market conditions for you?

I let them run to the end of the year as m-t-m, then send a rent raise letter, usually for $25 or $50, on or about Nov 1, effective Jan 1.