Turns out, the previous owner did take many steps to mitigate the moisture damage and the home was very dry and mold free when we acquired it.

Those people are out there, you just need to find them.

Its not usually cut and dry so more of the story would help.

By the most important thing (if that's what you're doing) is to have a really good operator who knows the laws, has experience and is above board so they won't leave you high and dry. 

A lot of research and studies have come out around high paying jobs make large impacts. 

So if you are anticipating higher rents and therefore higher income next year you may want to wait till then if you are trying to maximize the amount of the cash out refi.

Hello Sino, i'll be reaching out=)

My experience has always been better with a local lender.With that said, I am reaching out to David Greene's The One Brokerage about a refinance.

It will be a little trying for 6 units to use - they're slower because they do both washing & drying - but that would be way better than expecting tenants to drag wet laundry around.

The key to investing out of state is finding a good property manager.