When you do a cash out refinance its cash in hand (liquid reserve) so it can be used as an asset or for PITI reserves on the next purchase.The other downfall is if your credit score should drop for any reason which can happen even my accident or mistake the lender will close or reduce the Heloc credit limit.

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

Then we reduce once or twice or notice issues with the listing. 

I have several rentals occupied by 2-4 adults of the same sex.

I initially listed the property for rent at $1100 but had to reduce it to $1000.

The resolution of the photo was reduced so the contrast is not showing like it does in the original photos.  

When we finally move to SD permanently  I plan to refinance, pay it down and reduce the loan.Does this seem like a reasonable plan or should I allow the 3% rate to lock me into that rental even though I want to use that equity to buy in SD rather than wait several more years, till I save up more for a down payment to buy in SD?

I'm Grant and I'm looking to house hack a duplex with the goal of reducing my family's expenses.

No time for a full lesson on this, sorry, but the point is: it does not necessarily reduce your taxes.If it does, it's not dollar-for-dollar.

Can I use this negative cash flow as property losses every year to reduce my taxable income, or not since I make over $150,000?