Many people will tell you to refi and extract that "trapped equity".

Also be SURE to have a well defined written agreement (Operating Agreement) with your partner about who is responsible for doing what and how money will be contributed and extracted and an exit strategy and an alternative exit strategy etc.

I snake the tub drain after every tenant and keep a mental note of the size of the hair ball I extract. 

I hope to be able to contribute in a meaningful way soon.

I do see his point that if you refinance to pull out enough cash to now have a $1k payment again your tax bill will be lower again now and you will have extracted equity to invest elsewhere which is superior as long as you earn higher than the interest rate you are paying. 

Whatever is left (hopefully a meaningful amount) is your cash flow.

I extracted and copied the major milestone dates on my offer form below, but I want to make sure I fill it correctly.

The "starter house", "move up house", "mini-mansion", "downsize condo" idea is a plot by realtors and home builders to extract as much money as possible from you on transaction costs.

You have to know how to define the lands highest and best use to extract the maximum amount of money from the best buyer.Example say you get three buyers:1.

I would recommend you look at private money to help you get out of the residential mortgage and extract some of your equity.