And, if you're betting that inflation will eventually kick in at some point and rents will go higher, nothing will do better for appreciation than multi family.

I was looking to refinance to lower the month payment on my mortgage, but I though if I pay of the loan, then it will be better for me, i can get better return and sell in future quickly.

But if its commercial, all bets are off.

In my divorce it says I am to keep the house and try to refinance her name off of it with in 3 years of divorce.

I'd bet the "They bought the call option that is now worthless" and "Too freaking bad" approaches taken by investors engaging in deals like this is why that law exists.I'd bet if you said to these buyers "you bought a call option that's now worthless" that they would look at you with the deer in the headlights look.Having said all of that you likely shouldn't have sold them an option to start with because the investment is not suitable for unsophisticated buyers.

I even spoke directly with the asset manager and they didn't have a good answer other than the policy of cash only for the property was set before it was listed.Now, I don't have the cash to buy directly, otherwise I would then refinance out.

This means it is shared loss/gain proposition and you assume potential liability for any losses including legal issues that may arise.Essentially, your betting that your operating partner has the skill and experience to find, rehab, and manage the property.

When you get your loan for your purchase you will designate your property as a primary residence, there will be language in that mortgage/deed of trust which will typically stipulate that designation and there are guidelines which allow you to move out and rent the property in the future without having to refinance.

I think my best bet is to go retail here.

For conventionals if there is more than 51% investor concentration thats a problem as well if there if more than 15% deliquency of OTHER unit owners can cause you to not be able to sell or refinance the condo if needed.