@Bruce Ng unfortunately, a lender isn't incentivized to complete this process quickly, so it's probably on the back burner-- they'd rather get a new loan at today's interest rate rather than let you keep a lower rate from the past. 

So, if it takes 1.5 months for a new tenant to be in place, that old tenant owes 1.5 months rent (Yes, the partial month is prorated).

Hello BiggerPockets community! I'm Greg Provin from Lewisville,TX, passionate about real estate investing for just over 1 year. I'm particularly passionate about Residential Rental Real Estate, but exploring other pot...

I often sound like a broken record suggesting first trust deeds paying 9% to new investors.

You'll have to find new ways to invest.

When it is an inheritance, oftentimes the new owner just wants to dump the property and not deal with it.

But, new construction also has its own set of hurdles.

Hello BiggerPockets community! I'm Cyndi Halstengard from Mandan, ND, I am passionate about real estate investing . I'm particularly passionate about MidTerm Rentals
Outside of real estate, I enjoy family, hiking and...

Therefore I'm now looking to start investing in RE in the U.S - prefer neighboring states like New York (Buffalo?)

Added some sweat equity to it as well with new paint, landscaping and other projects.