The new loan at a 5% interest rate would then pay off the seller's remaining balance, effectively transitioning your financing without additional down payment.It's also worth noting that some lenders might allow a "cash-out" refinance, where you could potentially take out more than the existing loan balance, given enough equity in the property, which could be used for further investments or improvements.

@Laura Winegardneri think it will probably be difficult to find a lender that would take into account 'potential' STR income... but even if they did, yes, i think that would be risky. 

I created a second bathroom (since it was only a 2/1) in order to maximize it's resale potential and make it more appealing to a buyer.

They potentially could have gotten rid of #1 and took #2. 

I worked with a great realtor who just saw deals with potential and brought it to me.

The tax deferral from a cost segregation study is a very powerful and strategic tool to utilize in a wealth management plan for your estate.Enhancement of Property ValueReal estate property that has had a cost segregation study performed on it is more appealing to buyers and investors as there is potential for a continuation of tax savings.

There’s a large apartment (a few hundred units) being expanded 3 blocks away.It’s 4 blocks away from a major university health center (and embassy suites for hospital visitors) and 2 miles from another hospital (possible travel nurse MTR potential).

Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

I would appreciate any feedback from those who may engage with them moving forward, as it could inform a potential reassessment on our end.

The 6.875% 7/1 ARM offers a lower initial interest rate, potentially saving you money on monthly payments for the first seven years, but after that, the interest rate can adjust annually based on market factors.