Before purchasing property 1, we aligned on a buy and hold strategy but didn't discuss cash out refi options.

I get where you're coming from with the concern about the new casino's impact on short-term rentals (STR).

From an initial impression, this makes the process of long-term investing much more convenient, and the only fee (apart from regular agent/lender commissions) is the property management fee!

Also rental rates are dropping, and we are already seeing rental loan rates in the 5% range, I would expect to see rental rates under 5% by January.If you are going to be a real estate investor for the long term, why don't have your Real Estate License?

Added new terms and conditions?

We have a short application process and close quick.

This way, you can continue scaling your portfolio, leveraging the benefits of owner-occupied financing while building equity in each property.It's a great way to grow your portfolio while taking advantage of favorable loan terms typically reserved for primary residences.

My plan is to purchase another similar mixed use property, however I run short or the 25% required down payment for commercial loan.

BRRR, short term rental, mid term, long term, house hack, etc???

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?