I think refinancing would be a better option.

I know med students are always looking for apartments.Best options in lewisburg are probably student housing, scrape-and-build, new multifamily, or flips.Tim

Quote from @William Coet: Hello,Trying to get a ballpark on what the current best terms and lenders are for 6 unit multi-family.Lowest origination fees, Lowest APR.Thanks If you go the Multifamily DSCR Loan route (instead of more traditional bank financing) rates probably anywhere from 8-10%, however, monthly debt service tempered by 30-year am and 10-year IO options 

Im working with the agent on this and I gave two options to propose and she came back with the option where there is no free build out phase. 

Many of the property managers talk to each other and compare notes and share marketing ideas and 'run comps' on each other.The other option would be the 'enemy method' to search for similar size home within your community and others close by with similar amenities and scour their calendars. 

-Homes that aren't falling apart/need major rehab on the property-Prices in six figures overall not seven figuresWhat 2-3 cities should I really pinpoint in terms of the Zillow map to get an idea of some great options?

The land is currently  pretty much all. jungle would a 2 bedroom home be the best option or would you guys try to build 1 bedrooms 

Considering the option of tear down and build a new house, I was wandering if there's an average percentage difference in insuring a new home vs an older house?  

I have, but I have a say in the colour (ie they give me options to choose from) and it needs to be professionally done.

Ripping equity from people without them knowing the options is the complete opposite of that.