It has nothing to do with your financing situation. 

Hey @Blaise Bevilacqua - I'm a broker & investor in NYC, also a househacker and have worked with multiple househacking clients in Brooklyn/Queens.If you're curious, checkout my YouTube page for a podcast episode with my clients that were in your exact same shoes last year that ended up purchasing a househack in Bushwick.

I will run this through my CPA, but any input from other investors in a similar situation will be greatly appreciated. 

In my situation I have one property, would like to make it two.

I operate in multiple markets and my agents show nothing but respect.

I saw there was a new House Bill that came through last year (2023), and added a new subsection to RCW 59.18.280 which does mention RCW 59.18.260 about the checklist requirement for the security deposit:(4) The requirements with respect to checklists and documentation that are set forth in RCW59.18.260 and this section do not apply to situations in which part or all of a security deposit is withheld by the landlord for reasons unrelated to damages to the premises, fixtures, equipment, appliances, and furnishings, such as for rent or other charges owing.This is the new "exception" (per the title of the RCW59.18.280).

Conveniently situated between two major interstates, I-64 and I-71, accessibility to both is convenient.

thx experts There are certainly a lot of factors that go into the decision - keep in mind to there are multiple options with no prepayment penalty, so while there will be costs associated with the refinance - a no-prepay-penalty loan to purchase (at low leverage) can make a lot of sense as you can refinance later when rates inevitably come down, but don't have to time/guess when that is

This is concerning because I will likely relive this situation over and over again because of the neighbor.

He is ONLY willing to sell by owner financing.I am not a tax expert in estate taxes, but my guess from knowing others who have had similar situations is that IF he sold it outright for say 300K, he might have 75K of taxes.