"District South was financed with a fixed interest rate construction loan from our partners at First Financial Bank NA.

This is about the rate of a faucet(w flow restrictor) running 24 hours.

There is no point refinancing the almost paid off property to buy another-just get a mortgage on the new property.hard money lenders are going to charge you a higher interest rate.

Eastpointe has a semi-decent school district, and the area overall is seeing a population growth.

However, value add with a sale is not as implacted by rates.  

I financed this property using down payment funds from 403B and a local commercial bank. 15% down from personal funds. 85% down from community commercial bank. 3yr balloon, 20yr amortization, 7% interest rate.

What about rate and term refinancing?

As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house. 

As I'm sure you're well aware, the small multifamily space in metro ATL is competitive despite current interest rates. 

Yes. we finally have an APP that lets us provide a rating for the renters.