At 3.66 cap their valuation will still be almost $7M: $320,000x.8/cap rate of 3.66Brand new product is special, no question.

Wesley Chapel is essentially a truck stop at the confluence of two highways.

You will need to disclose your purpose for the loan with the lender as you are essentially taking out a NEW loan to replace the old one. 

There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts

Refinance when done.I'd recommend a 24 month product, because the renovation & sale or refinance can take so much more time than you think. 

Having removed them from my person name but still personally guaranteed by myself, could I buy 4 additional properties under FNMA investment property product?

Welcome Luis, if you add me as a friend on Facebook I would be happy to invite you to the essential groups in Atlanta!

Three is so much information about this product in this form. 

Worked with Liberty Bank (local bank) who had this loan product was key for this deal.

You'll write a check to the IRS for $2,400 for the income tax leaving you with $3,600 that was essentially created out of thin air... an infinite ROI.