.: @Jason Phu you haven’t provided sufficient info so you’re going to get a lot of incomplete responses.

Interior is a blank slate, which could be good or bad.I realize I haven't provided anything useful.

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The shorter the prepayment term has an impact on increasing the rate.4.

Are there any banks/lenders which would provide some incentives on closing cost and give good interest rates?

Regards,Abhi.Abhi, There's no way for an investor to have an opinion on that without doing alot of due diligence (and way beyond the basic info you provided). 

My philosophy is very simple: never sell a property unless you can (a) put the money into something that provides a better return or (b) it moves you closer to your goal.3.

Is it worth it to go into high interest rate debt for this new project and have this new property impact your other successful properties in your portfolio?

If the neighbor were to take a further action, then your title insurance may well provide coverage for you. 

don't forget to look at new construction typically much stronger than existing, especially in a market like columbus where the age of properties will really impact your bottom line.