People like to use HELOCS especially now, if they have a very low interest rate first position mortgage, in order to tap into that equity without losing the low interest.

This also protects my downside risk because I could very easily lower my rents if I had to in a market downturn and compete vs. being forced to sell because of losing money. 

This resulted in literally weeks of delays, which contributed to the closing being postponed and rescheduled, losing our locked interest rate.A big gap in the overall Kiavi process is that we never received detailed introductory emails about the steps of the refinancing process.

How much longer will it take for her to finish he cleaning and painting to her liking, while your losing rental income on the other unit by her essentially occupying 2 units?

We'll lose money for 75-90 days but the new rent is market so some will stay and not forcing people that can't afford it to move in the middle of a very cold winter I think buys a tiny bit of good will and is the decent thing to do.

In your mind, is losing $9,500 worth saving $195 per month? 

Cash flow is the buffer between keeping my property long enough to get rich and losing the property in foreclosure. 

Who wins and who loses?

You may recoup the money, but there's also a good chance you'll lose some.

While you might not want to lose the tenant, it'll likely wake her up and rethink things