I guess this isn't the worst thing, since the low rate on the first mortgage would offset much of the higher rate on the 2nd.4) Refinance the entire property at whatever I can get - 7% or so.I'm just wondering if there is a solution where I can really take advantage of the low rate on the first, offer the property out to buyers with a wrap loan and drive up the asking price because it has built in financing with a fantastic rate.Any ideas shoot them over!!

Fantastic,Thanks for pointing me in the right direction.I want to digest everything on this topic and get back with you.To answer you question, no, I'm not able to do this yet, but I may have a few options in the near future.Thank you again.

Just start digging into topics. 

Your math is off, it's much more complicated then that, but the idea described by @Dave Foster can basically accomplish what you want.

And you think that's a good idea because she may have messed it up and you don't have time to deal with it?

I look forward to watching your investment journey and I’m here to chat about strategy whenever you need someone to bounce ideas off of. 

After licensing and usury, consumer purpose and business purpose, under which owner occupancy falls, are probably the most misunderstood topics in private lending.

DM me if you want to chat; maybe I can give you some ideas. 

I have no idea how you make money with $900/month rent on a unit but can easily see making money on $500/month on a workshop.- much quicker.  

I feel the topic of preventative exterior maintenance is rarely talked about.