Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months. 

what happened to me is all the good rate bonds are snatched up before we could get them.

As you begin you REI journey here is a piece of advicecheck out this website for a great over view of a city https://www.areavibes.com/This website gives you a total livability score and you can see things like crime rate, housing, walking score and more.Best of luck!

Nightly rates and estimated revenue based on all the other units in the area?

I was insured through NREIG when it was a single rental to one family but now since I have transferred to room they dropped me.

Some guys I work with were getting 90% advance rates in Houston, but I think the banks are back to 70-80% now.

The mortgage is $1800/ month, but I am looking to refi and pull cash out to finish the ADU and lower my interest rate by 1-1.5 points.Lessons learned?

As long as you are on the loan, on title, and live in the home for 12 months minimum, then your non occupying coborrower can qualify for 5% down at owner occupied rates.

Yes that’s why I want to hold onto it is obviously because of the rate. 

Drop your thoughts, recommendations, or experiences in the comments.Looking forward to hearing from you all!