I've been ruminating over the low rate environment recently and whether to refi one or more of my long-term rentals, but I just struggled visualizing the full gamut of financial impacts, e.g. loan cost inefficiency, 30yrs vs 15yrs mortgages, maximizing cash flows vs cash-outs, tax positions, etc.

I'm not sure they would serve a purpose for me then, but for working class people who do more often have financial stresses it is an incentive for sure and also it compensates you for the lateness.

There is more that goes into these decisions than pure financials sometimes.

These loans are based more on the property's income potential rather than your personal financials, though your personal credit might still play a role, especially if your LLC is newer.

This can hurt you financially, and it can hurt more than tax savings.I'm all for tax planning, I do it for a living, but don't lose the bigger picture while focusing on taxes. 

- How often do you provide financial reports to owners?

Odds are you will lose your EMD if you back out, which may be a better option than sticking with this deal (depending on the amount and how it impacts you financially.)

@Hector Espinosa Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I don't see that you've looked at historical financials.

This way, you stay disciplined about your future while making space for present enjoyment.You can also adopt a mindset shift by focusing on experiences over material things, as experiences tend to offer lasting satisfaction without derailing your financial goals.