The only way out of MIP on a 30 year is refinancing (added costs).Sites for multifamily.  

Then look at refinancing rather than selling and 1031ing like @Adam Bartomeo said. 

It may also make your property more attractive for refinancing at a lower rate or selling at a profit.6.

I did a value-add project to force appreciation, refinanced out enough cash to buy property #2 (without government assistance this time), turned property #1 into a rental, then repeated that process with property #2 and several more times over again and have since turned that initial $4k into a multi-million $ portfolio.

Likewise, loan points are amortized over the life of the loan and I have them in a separate sub-table of the fixedAssets, but unless they pull up the original journal entry you can't tell which loan they pair with, and it seems like a stretch for the CPA to track down that the loan was refinanced and hence all the remaining depreciation should be taken now. 

But on the question of refinancing, well no one can predict the future.

Now the Tenant Buyers / or Wrap Around Note payors are REFINANCING and getting ALL new financing which means the underlying Note which we took over SUBJECT 2 is being PAID OFF in FULL.

What is the process like for refinancing a hard money loan into a conventional loan? 

.- Financing and Refinancing: With new builds, you typically can refinance once the construction is complete and tenants are in place.

The money you receive from refinancing isn’t taxed as income, since it’s considered a loan, making it a very tax-efficient strategy.