Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

They pointed out all the things the last company did wrong, and gave me a quote for $4000.

I've seen some property managers give out electric scooters, prepaid visa gift cards, or even small upgrades to their apartment (ex. a ceiling fan).Lastly, I agree with Obed’s point on retention.

@Clark Harbaugh, Given the favorable tax rulings over the last few years (in particular revolving around trusts and their equaling a beneficial interest in the underlining propery) the IRS has actually been much more lenient (or at least silent) on these issues. 

I shopped all of my state's CU last time so I only called the top few this time around, it does seem like the best way to go about things.

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift. 

When we lived there up until last year, 1-2x a year there would be a clog that would cause a backup of sewage in the downstairs tub and toilet.

I haven't heard of any, but met with a few people in the twin cities last year.

The last loan we took out I paid back in 10 months. 

Maybe if I was younger it would make more sense, but staying with the method I've used over the last 10 years will only become more refined and efficient.