Single family home rental

[Jerad Grace]

I’m in the process of renting out my home (1st rental). I’m refinancing to pull equity out to put down on another house (to live in). When I refinance is it best to keep the new mortgage (rental house) in an escrow or just pay property taxes/insurance separate when they’re owed. Refinance will be approximately $184,000 @ 4.25% ,30 year pulling out $42,000-$45,000. Comes out to $1200 mortgage payment w/ escrow. Rental comps for houses $1650-$1850/ month. $450- $650 Cash flow...