Even if you make all of your payments on time there are times when something happens by accident or a collection pops-up and drops the credit scores. 

@Marcus Stokes, house flipping is a full-time business operation, even with current market conditions.

Consumer reports even has a report about how they're better than all the $300+ toilets.

Quote from @Richard Bautista: Good evening,Just saw Cleveland, Ohio has relatively inexpensive houses which has the potential to cashflow.

So it is fine for us to just list the property under my husbands name on the Schedule E even though we both own it, and I manage it?

You are not even scooping your initial investment so your cash on cash return is negative.

This could push your rent up to $7,500 or even $8,000, which would make your cash flow positive.In summary, the refinance could give you a good return in the long run, but the negative cash flow in the first few years is a concern.

Then it's even cheaper.

@Bayo Badejo, there are so many missing pieces here to even begin to give a real answer.What insights are you wanting?  

However, once we implemented technology a few years ago, even our local clients prefer to avoid driving and switched to doing business remotely.