Also my advice would be to not think it's a loss if you don't pull out 100% of your funds on the refi. 

If there are 2 bigger dogs (30-50 lbs) then usually it is $1,000 non refundable. 

If you wait 2 more years there and it appreciates more, you may have enough to sell it, get the bigger house, and have some leftover to invest into a purposeful investment.

Mitchell Welcome to Bigger Pockets and good luck investing!!

For example is there a standard where a house has been listed for 180 days and now the bank is willing to take a bigger hit just to settle the matter?

On top of that, the tenants are lower-quality, so it takes more work to maintain communication, enforce the lease, etc.In my experience, the additional work and eventual losses erase any benefits of Section 8.

He plans to do more with me and bigger pockets (no pun intended) if the deal goes well.

Hello Bigger Pocket Pro Members,I'm seeking guidance on finding lead source companies.

Welcome to Bigger Pockets Mark!

lolI had someone ask me to teach them real estate and they would buy my lunch… Lol   If course there are people here on Bigger Pockets that if they were ever passing through I would definitely meet them for lunch or dinner, but typically I do not respond, nor try to connect with just anyone..