We did get much lower costs when we changed to minisplits but the initial cost is high.

It’s a great way to lower your living expenses while gaining experience as a landlord.

Screening tenants is arguably the most important part to the first leg of property management.

Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

If rates improve slightly, a cash-out refinance could lower your mortgage rate, but ensure the numbers work with your long-term goals.One thing to consider is your return on equity (ROE).

My goal of refinancing was simply lowering our monthly spending to reallocate towards future investments.

Have a few arms due in about 5 years..those I will finance to fixed rate as rates lower. 

A smaller valuation would mean less out of pocket to buy out your siblings and lower taxes, but it would also mean the lot rent is a much higher % of valuation.I can almost guarantee you can find properties in Grand Rapids that cashflow because I've found them all over the Midwest. 

@Carlos Ptriawan how do you mean, "management required the LTV to be lower than 50-60 percent" ?