Keep in mind if you are renting a house to a company you can write whatever you want into the lease. 

That may keep your cashflow the same or even lower it a bit, but you have 4 assets that are appreciating instead of one, 4 mortgages that are getting paid off by the tenant, depreciation and you diversify your risk in 4.Regarding the tax question, you may want to talk to your CPA about that.

Especially since I made it clear up front I'd like to keep my depreciation line high for addbacks.  

I recommend using a lender that non-reporting to personal credit and can close under the LLC to keep your DTI lower and overall your personal liability profile more bankable.

But there are a few factors to keep in mind:1.

In order to refinance a home you must have six months title seasoning to use a "New appraisal" but keep in mind only certain lenders and programs allow a cash out refinance at the 6th month mark.

The key is velocity—keep your money moving and growing.

I would get in touch with a lawyer and start the eviction process immediately.

Keep in mind you can also get a licesne for ZipForms from CAR without becoming a Realtor.

If that is the case, just let them take it to market to sell.You could offer to manage the property and have them to rent it out now where you pay them a flat rate every month and anything you make over that amount is yours to keep.