They would be free and clear.  

Clean, brightly lit, clutter-free, modern luxury. 

That's tax-free money, but your rents need to be able to support the new mortgage payment.

Thanks for readingDavid $250,000 tax-free?

At the expense of our original deposit, which would be like an interest free loan to them.

Gaining a risk-free property, with a long-term resident there to pay down your fees, etc, with a property management company in place to hold your hand along the way and making sure your property is kept up with. 

With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.

@Sino U. feel free to reach out with any questions.

TY You have a few different options, but a cashout refi on the free and clear property is probably simplest. 

I have a city rowhouse with a 20' sidewalk and 5' wide steps with 9 treads and two 7'x7' landings. It's a 4 family, I just don't want that kind of transactional relationship with any tenants. At another property with ...