When the property is refinanced a year later, after it has been owner occupied for the required amount of time, will the rate then increase to that of an investment property?

@Christine ChoYeah I would speak with a plumber on the cost to instal and way it to the potential rent increase. 

Honestly I haven’t had that much luck with my Lowe’s credit card which I’ve had for years even though I make a 6 figure income and have asked them to increase the limit several times they still have kept it unreasonably low (under $4,000) which doesn’t get me far owning 25 units now.

@Edward Messer voted for @Rick Albert's response as it covers everything, but the property location, condition and the situation.We've charged more when these are less than desirable.

I don't think the rates will drop enough this year for sellers to enter the market to increase supply.

Establish connections with real estate brokers that focus on investment properties.Funding: Explore various funding options, such as partnerships, hard money lenders, private lenders, and conventional mortgages.Make use of your experience in building to precisely estimate repair costs and provide prospective lenders with well-prepared project proposals.Look into any grants or incentives that may be available to real estate investors on a local and federal level.Create a concise business strategy that outlines your objectives, both short- and long-term, target properties, and investment tactics.Remember, each real estate market is unique, so adapt your strategies based on your local conditions.

I cleaned it up, the same renter has been there for six years, and it's now worth around $275,000.After that, I started doing real estate sales to increase my earnings.

It appears the tenants are well below market for Boston and they won't be happy about the increase but this is business.

I recommend you do this annually to adjust for utility increases and other variables.

Will require a decent amount of money out of pocket and would take 9 months of total rent to re-coup my repair costs, or about 2 years of the “increased” rent to pay for repairs.