The good thing about it is that it's quick and convenient for both yourself and the lender, the disadvantage could be that it might impact/increase your DTI if the appraisal came back lower than your actual current rent being received. 

It works out greatLong term low impact tenant at higher then market rates.  

Yes, the property was in service the prior year.Taxes have not been filed; however, I had enough expenses related to the property the prior year where the cost segregation study wouldn't significantly impact that return.

@Remington Lyman yes that's the direction we are headed, but do you think zoning will impact (if its marked as commercial, but used as residential??)

Personally I would pick option 1 because you cash flow is already high and so a slightly lower cash flow with higher LTV has relatively minimal impact on cash flow.

Yes, you can potentially use a bad debt deduction to offset your taxable income, which can indirectly reduce the impact of capital gains.

D you think the lower rates will have an impact on the rental vacancy rates?

Impact of Rising Insurance Costs and Property TaxesOne of the most significant challenges in the Greater New Orleans real estate market is the rising cost of insurance.

For Class C+ and below, the age of the home, the socio economic status of the tenants, and the neighborhoods in which those properties are located impact the month to month profits.

I would throw caution at giving credibility to news stories about rates driving people out of Florida or increased natural disasters impacting rates.