You need the backup option in case the mid-term rental market changes.Minimizing turn costs and downtime is critical.

I have a friend/neighbor that wants to sell me his house below market value so he can move back into an apartment and travel.

In some areas, we board up the 1st floor windows until we are about to start marketing the property.

Cleveland would be a great market for you.

Memphis has been an amazing market for BRRRR due to its affordable property prices, strong rental demand, and solid cash flow potential.Would love to hop on a call and go over your questions—let me know when you’re available!

With a good chance of a recession coming, have cash available to take advantage of the best deals to hit the market in years. 

@Ellis Moyewe really don't know a lot about this situation since there aren't many details in your post... but i don't think this makes any sense for anyone involved here...if it's a flip that's not selling, refinancing may not solve your problem and allow you to pay back the HML in fulland typically a sub to buyer wants a low interest rate... and if you refinance now you won't be getting a low interest rate, you'll just be getting whatever the market offers.and finally.... the vast majority of loans are NOT assumable. 

This is such an easy way to stand out against the competition in your market.

The Cville market is quite competitive.

Find a market or strategy, sounds like youre starting with land.