So, good news is that you're already all set with a great mortgage relative to what you'd get today.Bad news is another 500 people in the mortgage industry that always focused on rate/term refinances, rather than purchase business, just lost their jobs, because you are far from the only one in that position. 

@Jeff Schechter This is great news!

Just to make the math easy.. and you want 20k a month in cash flow  ( reasonable number the 10k a month is old news no one can really live on 10k a month these days)   at least on most of the coasts.. 

I hope they have good news for me.

https://www.realtor.com/news/real-estate-news/u-s-rental-rates-flatten-major-cities-supply-floods-market/

@Ali Zantout That's great news!

That's great news! 

Often you need to compromise a bit....but the good news is you're still achieving a lot of the benefit, such as tax write-offs, paying principal down mostly via the rental income, long-term appreciation, and reducing your housing expense significantly. 

Account Closed  now to be like Fox news fair and balancedone does have to be mindful that banks can change policies.. so you do need in my mind a healthy balance of private capital or your own and banks or other lenders as well.07 to 09 saw banking FREEEZE for us in the business I had almost 30 million in various credit lines out and they all got called Save one.. my core bank kept my 6 million working with out it I would have not made it.. the rest did not care and I had written into my loan terms that if they called these facilities I had 36 months to pay them off and I needed every bit of that time to do it.. but I can proudly say I did not default on a one and paid it all back and the agreed on interest. 

@Brian Barcelona that is great news.