Hey @Melinda PajakThe refi/exchange dilemma is definitely perplexing for a lot of owners.As others have suggested, the best step to take before anything else is to assess how your property is currently performing.

Good Afternoon.Ok Guys, this is my scenario. I am going to include my real scenario with as many specifics as possible so I can get the most detailed advice, I could use it. I am 35 years old (today) and my wife and ...

We are excited to take this step and, as BP strongly recommends, building a 'strong boots on the ground' team. 

The one thing we expect as property managers is owners allowing us to do our job without being questioned each step of the way. 

If i use 50% of rent as the expense number  i come up with about 6k/mo cash flow   This equates roughly with the initial buy price    Will the area suport an almost doubling of the rent to get to a 1.7m valuation? 

That was the initial plan anyway and then things quickly escalated from there.

I haven’t tried or used one in that manner. (3) If you were to use hard money first, and then refinance into a conventional mortgage, your payments would be high initially, and then reduce.  

Its a small step but feels significant.

My question is wouldn't the bank just step in and pay the redemption amount rather than lose the asset? 

@Aditya Maini For me, I wouldn't invest in a rural condo unless my ROI is at least 25% a year, allowing me to recoup my initial investment in less than 5 years on paper.