I refinanced to a mid 2% rate a few years ago and did not want to do a cash out refi.

What if you can't refinance due to appraisal, market conditions (interest rates, outside "black swan events" like COVID, etc.). 

Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.

Most of mine have infinite ROI, but I have 3 that for various reasons were not  refinanced to extract my investment (one had no value add, the other 2 have not been refinanced to extract the over $1m value increase due to rate increases). 

@Cyndi Hong your lender will advise you on what’s best also, let them know your plan to transfer it because you don’t want to move it to an LLC and trigger your alienation or due on sale clause if you have one.

The loan amount is $1.5M.Here is what I am trying to beat:-15 amortization (client would like 20 if possible)-rate is Pime minus .25-.50-.1 pt.

I took a transfer with Lockheed and landed there from Atlanta.

If they are month to month, you can purchase the property, provide 60 days notice and have them vacate in order to rehab and bring rents up to market rate.

Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.

We did a rate and term refinance (no one would do a rate and term in their right mind today but our loan was a matured balloon) on a Fannie Mae loan and did a HELOC behind it.