Especially you lifted yourself up and you have that sense of " I can do it" inside of you, it is amazing that you grew out of that life style and that little voice inside of you " I CAN DO IT!" 

Then if the project sells in 10-months which is not uncommon in my market where permits can take way too long, you pay an addition 4 pts in extension fees.

Because he had a mortgage of $6k/mth and a car note of $2k/mth...in addition to his other household expenses. 

Potential new payment on additional Versa for myself would be $175 for 3 years (total guess)Is it beneficial to try and trade this thing in on another 2015 Nissan and end up with owing $6000 or so and have a much smaller, shorter payment?

I'm interested in picking up some additional properties. 

I want to do a BRRRR-style deal so i wonder if i could get a big enough LOC to purchase and fix up the refi out to pay it off. 

Even if it's nominal, or even if you get no additional rent, working on the place while occupied is cheaper than having it sit vacant while you do that work.

@Assaf Furman the premium is based on the building value you are insuring, so without knowing what that is, no one could tell you if that is high or low.I'll PM you some additional options you may want to consider.

In addition don't forget that the rental income also includes a principle reduction amount that adds to your net worth each month.  

If that number factors in maintenance, vacancy, capex reserves in addition to both principal/interest payments and the taxes and insurance I would definitely do the deal. $2580 of annual returns on a $0 investment is a hell of a return.