The home was purchased using an assumption loan with a 2.2% interest rate!

Can you purchase a property with a Hard Money loan and then refinance into a different type of loan to have a lower interest rate?

The tenant is currently paying less than current market rate, and we are only asking for an increase of 6%.  

@David Lecko I wanted to add that I like the app so far, but the pricing is something I'm struggling with because you charge a flat rate every month and on top of that still charge for every mailer sent out. 

Should we wait for lower interest rates or consider a cash-out refinance.. or maybe something else?

As high as interest rates are too, it makes me wonder if I'm making a mistake buying now instead of hoping for lower rates one day, whenever that is.

Rescinded

I’m willing to give a pretty significant interest rate for a private lender who is willing to fund this deal for me.

We gave them the option to either provide them with the nightly rate per diem of the rental for them to do as they please or we would book accommodation for them.

It is the equivalent of crashing your car then trying to buy insurance to fix the car after the fact.A home warranty or homeowners insurance policy will not pay for mold because mold is a maintenance issue.You didn't say what is wrong with the garage - if it's a broken door opener that is typically covered on a home warranty.My experience is mixed with home warranties and I can 100% tell you your satisfaction comes down to the local trade person that shows up.The home warranty company does not employ trades - they contract them locally at a fixed rate for the work performed sort of like how car mechanics are paid.