I'm considering two options for my property and would appreciate some advice:Cash-Out Refinance and Then Sell: Cash-out refinance to access some of the equity, then sell the property to get the remaining equity.Sell the Property Directly: Skip the refinance and sell the property outright.My main concerns are:Fees: Are there more fees involved with doing a cash-out refi and then selling compared to just selling directly?

The house rents for $1200 month currently and will be able to get $1600 if renovated (finish basement bathroom, new flooring and fixtures, mainly cosmetic).

Specifically, that exception applies when "only a PORTION of the main home is used for business or rental usage"....

I thought the main advantage would be the ability to micro-manage your portfolio, customizing your vendor list according to each property and coordinating with a dedicated leasing agent.

Hello Ethan,I think the main difference between traditional banks and credit unions are their guidelines, most credit unions are manual underwriting, because they are using their own money and keeping the loans. 

The main stack, drain lines in the basement floor, trap and the sewer line to the city main are the big ones.You can either knock these out as they become problems or bite the bullet and spend the money.

My second favorite part is how you never addressed the actual question and main point of my post.

I too bought a house to rent and a month later ( tenant occupied) was out of 5 grand replacing the main sewer line.

Taking back our communities and helping locals invest in Main Street over Wall Street!

@Nubia SilvaFirst thing you need to look at is your condoDocuments and understand what is common area vs unitFor example a plumbing line that is a main that runs through the walls may be considered common area but if water is leaking around the drain in your unit then it could be your issue.First identify the leak which the condo association should be involved in when it’s unit to unit leak to get it reviewed to check where leak is from.