Because If they were to entertain it at all they would at the very least want to put in a subordination clause into the loan. 

I have also been entertained with the thought of doing a joint venture with a more seasoned investor who has the money if I bring the deal.  

The food/arts/entertainment has also exploded over the past 5 years!  

My observation and prediction are only for entertaining purposes.

I don't have a ton of specifics about the deal at the moment but I do know that the seller is entertaining selling all of the properties including the land they sit on for $250k.

KC is similar to Minnesota.  2 major sports and a thriving arts/entertainment scene.  

But I'll assume you already know that and entertain the question.As @Chris Soignierhas correctly informed you, rentals offer the most tax benefits.

The bank will happily entertain your application for new terms - - you are an existing asset on their books and what they want is to update the rate.FORGET prepayment, the penalty is designed to discourage you from that - - clearly.Start your refi 6 months before  the note comes due and by all means, go back to the same back where you settled the first time. 

Thanks for the entertaining read everyone!

I'm wrapping up a flip in Royal Kunia tomorrow, but I entertain both upper and lower areas - actually the whole island and beyond, lol.