Maybe this is coming from the contract didn't include the fact that the penalty was not promised.

This seems not to be a viable option because there would be an increase in my interest rate. 

This is a great solution to figure out what to do with his stuff while we get everything figured out legally.

We don’t have a clause in our contract to account for this, and we have been actively looking for new renters with no luck so far.

If I was looking to get started in this sector I would start reaching out to city council members and find who I need to connect with and ask them the best way to get this mission accomplished and they likely will tell you more than you were expecting.Best of luck and what a great cause!

@Tyler Cornfieldshort answer - i don't know if you are or not. ask some lenders.but i'll say this about out of state investing at this time. 

Hey @Clint Kelly, I was going to recommend something like BuilderTrend but from what you've said, QuickBooks Online (QBO_ does exactly what you need.The key here is you need an REI-savvy bookkeeping professional since you stated your current bookkeeper is dropping the ball.What you want is super easy to accomplish for a flipping company using QBO.We have Clients who flip close to 100 properties/year and everything is super organized for each property using QBO.It's the operator, not the software in this case.Hope that helps!

This happen to anyone else?

This reduces my monthly payment by ~$100 a month.Am I correct to think that I am essentially paying $3500 for this refinance?

If you're new to this, it's important to get to know the market inside and out.