This can be done with a conventional full documentation loan or a Debt service ratio loan. 

Should I sell it, do a cash out refi, bridge loan, etc...?

Install LVP flooring.

Freedom Loan Services Corporation. 

Get floodlights installed on the property beaming out front.

Commercial loans are not fully amortizing, they typically have terms on them, and the Multifamily space is driven by brokers who have deals.

We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.

The current owner has a rockstar interest rate due to a physician's loan.

Hey Bhrgu, are you familiar with DSCR loans?

Mortgage companies want to get rid of the low interest loans.