Since the remaining tenants have still been paying, I'm not sure that I can treat the MIA tenant as absent.Let's say the remaining tenants decide to move out (probably because they will eventually have trouble paying) and I make the refund check payable to all the tenants per the rental agreement (and to protect myself against claims from the MIA tenant), but they can't cash it because they can't reach this third roommate.Any recommendations on what to do with the money or what course of action to take?

(https://learn.lofty.ai/en/articles/7025226-sell-equity-in-yo...)I understand I can also sell and do a 1031 - I've successfully done that once, and failed a second time (could not win an offer and ran out of time - had to pay a ton of capital gains tax). 

One time deal, it will save you from paying to create LLC every time after. 3.

Your refinance loan amount isn't enough to pay off your initial financing.

We usually have people leave due to being unable to pay rent though and that may not be the case here.

With your credit and situation if you were below 12% I would say that’s a huge win from a private lenderi'd be willing to pay a point or maybe 2 max above conventional fha.

We still have some tenants that bring rent to the office instead of paying online.

If the borrower stops paying, they know they can take over the property and make more money by fixing it themselves.On the other hand, if you don't know these things, it is very risky. 

Are you more inclined to speculate that rates will fall lower (they should, I think they are likely to, but they may not) and you can refi, or would you rather pay a fee/premium to lock in where you're at now and hedge your risk of not being able to refi into a lower rate?

Might be worth paying for an inspection from one of them during DD if you're concerned about it.