I am in the process of closing on another house in Oregon.

As always, read ALL the terms before you sit to close.

I am under contract for a 3 family home w a very unique set up. 2- 1 bedroom apartments and 3 and 4th duplex which has 5 bedrooms but only 1 bathroom this home is 8 min from Brown University in RI and 10 min from Johnson Wales. (6miles)Do u think its close enough to attract college students especially the duplex? 

Fortunately, I just call the bank and tell the address of the property I am under contract on, and when I want to close. 

You will also have to factor in the closing cost for the new loan.

So if you go that route the $125k down payment will be directed to your mortgage company at closing - not you. 

We weren't willing to take that risk.My wife operated our first home and after a few months we found a really solid knowledgeable manager who took over operations while still working closely with my wife. 

If finding a new replacement is more difficult then get your new property under contract first even before your old property closes.  

I want to cash out refinance and close it under our LLC as DSCR mortgage.

Quote from @Lorraine Hadden: As we close out 2024 and look forward to 2025, NAR released its 2025 list of top performers in 10 metro markets.