Often time at turnover we pull out the filter it looks black so obviously it was never changed for at least 6 months.

The city is very open to this setup, with a clear permit process: $500 initially, plus a $100 inspection fee.

And you wont have enough equity to refi out any extra (you need 20% equity before you can start pulling out funds). 

You probably also have an opportunity to trim some fat on your PM fees if you still want to outsource the management because that's heavy.

I talked to two different local credit unions about pulling 300K in locked equity out of our former primary home that we converted to a short term rental last year.

The fees are high, and the rate might be a little high.

Only way you made money on this deal, and avoided everyting being eaten up with title & recording fees and transfer taxes, was by flipping the contract - also known as wholesaling.Why can't you just call it what it is?

Filing fee is like $25 or something.

I am not sure what the pushback is other than not wanting to pay attorney fees.  

He has a contract with the seller which will then be assigned to me for a fee.