Hey All, Recently, one of my SFH mortgages have decreased by $100+ per month.

The odds are just decreases a lot since it’s not ready.

Also, we are looking to do cash deals going forward so we can decrease the fees associated with doing two loans on each house, any suggestions on where to get a non-secured LOC or maybe a LOC based on a multiple of liquid assets? 

One way I help my clients evaluate the value of a refi is to determine the decrease in monthly payments and divide by the monthly savings by the cost of the refinance.

See if you can see the pattern here: tenants that don't respect the homes, constant damage to the homes, evictions, renovations to homes, marketing for better tenants, vacancy, decreased cash flow, desperation... tenants that don't respect the homes, constant damage to the homes, evictions, renovations to homes, marketing for better tenants, vacancy, decreased cash flow, desperation... tenants that don't respect the homes, constant damage to the homes, evictions, renovations to homes, marketing for better tenants, vacancy, decreased cash flow, desperation... tenants that don't respect the homes, constant damage to the homes, evictions, renovations to homes, marketing for better tenants, vacancy, decreased cash flow, desperation...by now, you get the idea. 

Am I not understanding how passive income works on tax returns, or is Turbo Tax incorrectly decreasing my loss before adjusting my entire schedule E, not just the one property. 

I am currently a high income earner but will possibly go back to school within the next few years which would decrease my income.

As for whether or not it makes sense for your rental, I would argue that if you are in anything higher than a B- neighborhood, you should be able to get your money out of it between added value in a refi, decreased vacancy, and higher rent.

The downside is that you are now borrowing 20% more so your payment is 20% higher and cashflow will decrease because of it.

Plus, as you hit milestones in LTV (loan to value) of 95% or 90%, your PMI% can automatically decrease to "reward" you for building equity.