What was the outcome?

They potentially could have gotten rid of #1 and took #2. 

The tax deferral from a cost segregation study is a very powerful and strategic tool to utilize in a wealth management plan for your estate.Enhancement of Property ValueReal estate property that has had a cost segregation study performed on it is more appealing to buyers and investors as there is potential for a continuation of tax savings.

There’s a large apartment (a few hundred units) being expanded 3 blocks away.It’s 4 blocks away from a major university health center (and embassy suites for hospital visitors) and 2 miles from another hospital (possible travel nurse MTR potential).

I would appreciate any feedback from those who may engage with them moving forward, as it could inform a potential reassessment on our end.

Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

The 6.875% 7/1 ARM offers a lower initial interest rate, potentially saving you money on monthly payments for the first seven years, but after that, the interest rate can adjust annually based on market factors.

@Nickolas WolfeYour property definitely has the potential to benefit from a cost segregation study.

Conversely, a cash-out refinance involves replacing your existing mortgage with a larger one, providing a lump sum in cash but potentially increasing your monthly payments. 

I bring up new paradigm here :it's because of too much expansion of money.What I mean by that is because we have lot of money increasing floating around with downpayment as little as 5-20% can already purchase a house with 30 year fixed debt, the number of potential purchasers are increased by a lot, while supply is diminishing, the amount of liquid hard money is increasing, and liquid money is always going to hard asset like residential.if you cut 30 year fixed program and gov no longer print money, the buying power would reduce.