Feel free to reach out when you're in town if you need any further insight. 

I'm in an expensive market, and know that I will likely have to look out of state to make cash flow as a beginner. 

Our payment on the underlying loan is $995 a month PITI and we have it out to the tenant Buyer for $1650 a month.

Find out what they are looking for.2.

They likely got cash-flow and appreciation.I think it is much harder now but likely still do-able.

Sell, refinance, rent—what’s working best for you right now and why?

Having a clear exit upfront makes it easier to analyze the deal correctly, choose the right loan program, and avoid surprises later.A lot of my investor clients go into a deal already knowing whether their goal is to:– flip the property– BRRRR and refinance– move into a DSCR loan– or hold long-term for cash flowThat clarity allows them to approach the deal with confidence.Other investors prefer to wait and see how the property performs or how the market shifts before choosing their exit.

This would save me thousands in interest + not having to pay the closing fees to refinance in 2031.

So, since you aren't getting anything out of it...how about let someone else use it? 

My guess is after fixing, in this type of investment method, the buyer will refinance  and pays the owner back.