You can do a cash out fixed equity line or second home loan towards the down payment of a new investment to keep your current terms intact.

But in the mean time MTR still feels “safe” for this newbie.  

So, when you think vacancy, keep in mind that YOU and the decisions you make can significantly affect the vacancy time. 

One has to also keep in mind that it's free haha

If you rent to him and something goes wrong, you will lose the friend and you put yourself in a financial bind.I recommend you tell him you prefer keeping the friendship and business separated so you can remain friends.

I was wandering what A, B or C zipcode mean?  

My first house is a 3 family but keeping it as a 2 family right now .

That fiduciary duty includes the duty of accounting, which means they would be required to provide you a copy of the lease and other documentation.

If the other options fail, that allows you to keep the 3% and only pay the higher rate on the repair in the meantime.

If no inventory buy out of County or state...keep in mind buying out of County 50 miles away or out of state opens up the ability to buy a Vacation home only 10% down.