@Raymond E.

@Edwin E.

Once you have a year of rental income history on your Schedule E, you can use STR income to refi (Conventional).

Quote from @Edwin E.: What is the maximum prepayment penalty allowed by law in Arizona in a seller financing deal, and how can it be structured?

So on and so forth LOL e

Could you convert just the garages in to a massive “owner’s suite” convert e small building into a garage or workshop and create the ideal 4 unit for an owner occupant?

Pull the cash back out when you juiced the value up a bit. 

Modern appliances can pull a LOT of juice and now that you have more coming in the panel you don't want to have other electrical gremlins popping up.

You might have 10 years to recoup the overall investment simply as a STR but might net quite  a bit more in the long run in equity.Alone it might not be worth the squeeze to get that juice, but adding in the equity, you could come out far ahead.Also, If you added slightly more space, could you add the master and another bedroom/bath?

Partner Driven was interested in the E Market St deal in New Albany, IN, due to its quick turnaround potential.