You will benefit from better rates and lower cost lumber now, so that will help make up for some of the added carry and perhaps the market conditions have even improved? 

Quote from @Raymond Whitley: Not sure if Goosehead is in your area, but a broker like someone at this company can really help you in challenge times for insurance like this current market with so many carriers dropping out completely or raising rates on everyone. 

Potentially Lower Interest Rates: With more collateral backing the loan, lenders may offer lower interest rates, as the risk is spread across multiple assets.3.

For those that are 1-4 unit properties on fixed-rate 30-year mortgages, I'm generally not making any changes since they were purchased at low interest rates.

I think going rate for bookkeeper is around $200.- $500 a month to start and I'd really rather keep the cash in my bank account and automate things. 

Based on Absorbtion rate. 

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.

HI Patrick, you can go up to 90% CLTV for HELOC primary or 89.9% for cash out refi but rates can be a bit higher depending how you use those funds for a better ROI.

Thanks @Nick Belsky, What kind of rates have you been seeing?

This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.