You should speak to an real estate lawyer before purchasing this property. 

I hope this message finds you well. I have spent the past several years studying market trends, analyzing potential investment properties, and building a network of industry experts.I'm specifically looking for a fell...

Again, a little more than linoleum, but last a lot longer, and depending on color choice, most scratches are hidden.But back to my original point, your tenants will be the primary driver of your success in real estate.  

Those are questions you need to answer.Also, just because they finally were raised to market rent (or close to it) does not mean that they deserve a 'present'.

What should be my stock vs real estate vs fixed income ratio?

Any advice or tips on taking over a lease would be greatly appreciated - specifically around questions to ask before close, mistakes, and best practices.

However, I have been extremely interested in real estate investing over the past month or so.

New to real estate in the Rochester, NY area.

What are your biggest challenges as a new real estate investor?

Yes Lisa you can refinance out depending on what your situation is:- Full Doc conventional loans will require Income, assets/value of the property, and credit to qualify to refinance out- DSCR loans only require market rental income and credit + enough assets for monthly payment reserves 3-6 months (no personal income or other liabilities are factored in, just the property in question)- Refinancing into another private loan - this is only a bandaid temporarily to provide aide but will not be a permanent solution since most private loans term up or are due in 6-12 months after funding @Matthew Kwan@Carlos Valencia