I submitted it and the member asked if I make one slight adjustment.  

@Bryan Sinegal - an appraiser will make value adjustments based on comps.  

The loan is amortized over 20 years with 5 year terms for rate adjustment. 

However market conditions do often warrant the need to adjust strategies.

Frist thing an adjuster will ask you is when did you tenant leave let me see the lease and they will even talk to neighbors...

If you're 1-4 units use comparable approach, if you're 5+ use income approach, etc and adjust accordingly. b) Like Robert mentioned closing costs on the refinance like any other refinance are the same.

The neighbor next door to this house is a buddy, and he told me the Gal (not guy) just got released, and was there yesterday with an insurance adjuster for the robbery that precipitated the visit from the cops a month ago.

I adjusted that $7500 number 3 times before I posted, just to make sure that who ever calls can make it worth her while.

Simple adjustment really.  

I will be taking care of the windows (double pane to reduce the noise), but I know that being next to the bridge will be a deal killer for many.Outside of minimizing physical concerns by adjusting price and the windows (the unit has all the bells and whistle a buyer would expect in a neighborhood such as this one), what can I do to minimize or allay the emotional concerns about the train noise?