The reason I ask is if the loan is near market rate (versus the rates available 2.5 years ago) then a refi to extract sweat equity could make this more worth the effort, risk, cost. to be blunt, with the numbers as presented and without any extract of value (refinance), I am unconvinced that the smart move was not to re-rent in current condition for $1k.  

This completely changes the nature of the property rights.

depending on the size of your complex and location you will have to get a permit from you state Department of Natural resources. 

Are you trying to create some type of cash flow from the portfolio to be able to leave your job, or build equity and appreciation to be able to extract and move into the next deal?

Naturally if you have more mortgages in your name that will affect your DTI (debt to income ratio) and ability to obtain more loans/mortgages in the future.

If I die of natural causes...even spouse can't use it. 

I also really like that this is a U-shaped window unit which wraps over the window sill, meaning that you get to keep nearly all of your window's view and natural light, as well as it being theoretically harder for someone to break into the apartment by kicking in/pulling out the AC unit (ours is on the second floor, but the safety concerns for first floor units is definitely a consideration you'll want to factor in).Heating.  

We have contacted a professional attorney who understands the nature of this situation.

Despite the project’s unique nature and impressive traction, securing traditional financing has proven challenging.

. :) "Large natural pool near property."