It would depend on a variety of factors, such as: what type of property this is (single family or multi family), how old it is (older or newer than 15 years), how title is held (personal name or corporation), what percentage of rent $100 equates to (since rent increases are now capped by this new law unless it falls under an exemption), and even what city you live in (since there could be local rent control), etc etc etc.  

It does seem there is an opportunity to increase rental income since rents haven't been increased in 10 yrs. 

We are currently in the process of refinancing from 4% into a 2.5%,10 year loan since rates are sooo good right now.

@Dmitry Clarke, You're exactly right that you will get better rental cashflow out of state since rent does not scale with purchase price.

I appreciate his sincerity and humility to share this valuable life lesson with all of us.

I would sincerely hope your PM already tried challenging the chargeback with all the necessary documentation at the bank level, before approaching you to pay the distributions back.With that said, that's your rent money, not the PM's, so there is probably a clause in their management agreement protecting the PM from losing that money.

I sincerely appreciate your time and your feedback.

I'm looking at rental property in Texas myself, so I'm sincerely curious as to why you picked those two cities.

I sincerely appreciate it.

I sincerely hope your future experiences with buy and hold properties as well as flips are a lot more profitable for you!