There are short term lenders (2-10 year) where you could refinance without title seasoning requirements and pay off your cash in loan quickly, then refinance again for a better rate with a more traditional 30 year loan.

I have been at the REI game since 1992, I have a rule that has saved my butt many times, you can't force a deal.

I've seen a lot of solid attorneys,  tax, title and  others just go bye bye.

Ideally, you must figure out your end game.

Creativity in real estate is the name of the game.  

The house it set up as a two over two.Tenants currently in place and would like to stay.Property cash flows nicely and the rents are below market value so there is a value add play there as well.Anyway the title report came back and the property is listed as a single family home and also is CO'd this way.However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family.Two separate meters as well.Everyone involved including my attorney, agent, etc seem to not have the answers for me.There are no rental permits on the property either which are required in this town.Seems to be a lot of mixed information that has me considering to pull out of the deal.Anyone have any experience with this?

@Jorge Ibarra Keep calling title companies and/or lawyers that have done this before and go to them.

Most of the rest is title costs and your other costs.

I have been having a lot of the same issues you guys are having, so I have teamed up with one of my local Title and Escrow Companies here to have them send me a list of all of the 2/3/4 none owner-occupied properties who have a mailing address out of state.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.