Initially after management fees, repairs and PMI i was losing about $250 per month.

Built in the last 50 years but before 1990.Currently rented for <$7000 gross but could likely be raised to >$8000.Expenses are as follows:Taxes - $13,000/Yr or ~$1083/MoInsurance - $3100/Yr or ~$260/MoMaintenance, Repairs, Vacancy, Trash Removal - ~$1000/Mo.Now, seller wants 850k & 10% down, interest TBD.

Finding an agent, finding contractors, overseeing repairs, finding a property manager, finding tenants, etc.

This was a few years ago, but at that time as I recall they were looking to do more long-term property leases over owning properties and doing pretty landlord friendly leases where they would do repairs and even pay property taxes. 

We do that all the time for inspections or to make repairs. 

Keep learning and stay open to different strategies — you’re already ahead of the game! 

Without substantial renovation or repair / forced equity, I doubt that since almost 12 months ago you have enough to do a DSCR cash out refi.

Just add novation language allowing the change of buyer name and inform the title company and lender of the change ahead of time. 

@Derek Buehner Repairs made to your primary residence while living there generally aren’t tax-deductible.

Could be some difficult times ahead.