Depending on how big this unit is, I would probably bite the bullet and pay for the relocation, then add a washer/dryer and raise the rent by some amount to cover the cost.

There are plenty of dated condos in my town that cost between $275-350K which could easily use $100K worth of renovation.

what are the   fees /  costs  associated  with the  1st mtg  refinance ?   

You also want to hear how they recommend stress-testing deals and their recommended buying criteria; being pushed into a bad deal can cost you a lot of money and grief.

I would much rather pay tax on just the interest income rather than on a distribution of that amount, that I've already previously paid income tax on.But, when getting funding for deals, from either hard money lenders or other lenders, will having that loan on the books create a roadblock that could make getting funding more difficult, potentially costing me deals?

What is the purchase price and rehab cost?

It's also just easier administratively.

The cost of entry is low while the cash flow is high.

Local government is landlord friendly and taxes and cost of living are lower.

**Financing Risks:** High-interest rates on pre-construction loans can impact your overall return, especially with rising cost of capital.