I am sure there is a way to keep it and speed up the debt payoff piece! 

The remaining funds will help speed up the remodel.

The goal of real estate investing is financial freedom.Financial freedom requires a rental income that:Increases faster than inflation: Unless rents increase faster than inflation, your true (inflation-adjusted) income will continuously decline, and your time off the daily worker treadmill will be short.

It's strange that you claim to make over $150k, but your adjusted gross income on the form is listed at under $35k.

I would take the opportunity to account for the cleaning and re adjust your offer to what you are willing to pay for it.

Thank you.You will have to pay a little more if you go the HM route, and for the first one or two if you have a good local, conventional lender that will do that you would be okay, but HML are great for speed, efficiency, and some quirks, depending on the lender.It might also depend on your capital and how much you are wanting to spend on the first one.

Looking online, responses say it adjusts every 6 weeks or so. it has never reduced so far.

You can make a profit in any market, you just have to adjust your investing style to the market :)  You got this.

I would say that a 1.20x DSCR ratio minimum for BRRRR is a bit high - plenty of options out there that wouldn't require such a hurdle A lot of industry DSCR requirement doesn't make sense actually, typical cap rate right now for single family with average price of $1.3 mil in SJC is about 1.5-2.0% right now, DSCR is whooping low 0.3-40.I don't know how you guys could qualify DSCR rental in CA these days.Now that our friend in Milwaukee is having trouble getting financing of his own, and we speak about Milwaukee here where not too distant ago, it was in double digit cap rate territory.my question to you lender folks how are you adjust to these situation ?

Also, in order to take the bonus depreciation, do I need to amend prior year return, or can I take the adjustment in the current year?