They potentially could have gotten rid of #1 and took #2. 

There’s a large apartment (a few hundred units) being expanded 3 blocks away.It’s 4 blocks away from a major university health center (and embassy suites for hospital visitors) and 2 miles from another hospital (possible travel nurse MTR potential).

The 6.875% 7/1 ARM offers a lower initial interest rate, potentially saving you money on monthly payments for the first seven years, but after that, the interest rate can adjust annually based on market factors.

I'm even wondering if the landlord can legally have rentals that have no addresses,  we'll I have an address:number/Street name/Zip code.

@Nickolas WolfeYour property definitely has the potential to benefit from a cost segregation study.

I would appreciate any feedback from those who may engage with them moving forward, as it could inform a potential reassessment on our end.

Conversely, a cash-out refinance involves replacing your existing mortgage with a larger one, providing a lump sum in cash but potentially increasing your monthly payments. 

The Midwest but specifically Indianapolis would be a great potential option for you.

We got wind of it through one of our Broker contacts.. the issue for the land owner is he had taken roughly the same option payments yearly 150k And now with the option failing he was going to have to capture all that income as earned income and pay tax.. ( which of course he is kind of like a lottery winner the 150k a year was always gone in 10 months) So he was in a potential bad spot with IRS and we were able to step in and take over the option for the same terms.

I bring up new paradigm here :it's because of too much expansion of money.What I mean by that is because we have lot of money increasing floating around with downpayment as little as 5-20% can already purchase a house with 30 year fixed debt, the number of potential purchasers are increased by a lot, while supply is diminishing, the amount of liquid hard money is increasing, and liquid money is always going to hard asset like residential.if you cut 30 year fixed program and gov no longer print money, the buying power would reduce.