On the other hand, refinancing would provide a fixed rate mortgage that is lower in interest and has less concerns for paying back in the short term as long as the property still cash flows.

Hi @Brandy Horkey     I'm also in Orlando, so happy to see how I can help and run some numbers for you to see if refinancing even makes sense.

Hi, I am a complete toddler when it comes to investing and buying a house in general…Just learned what refinancing was a couple months ago.

Now that the property is refinanced and stable, I'll be heading back home."

Now that the property is refinanced and stable, I'll be heading back home.

Refinancing the blanket loan you have would be easy.

This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.

We refinanced a few years ago and now have a 15yr 2.5% mortgage with 12 years and $320k left.

@Andrew C. after you bought the property and have a loan you can only get out of the personal guarantee and liability by selling, paying off in full, or refinancing to a lender who doesn't require a guarantee. 

They  refinanced after it was rented out, so they were all in for 158K between loan and downpayment and 77K in forced equity.