If they want to keep the animal pay the lease break fee and find a place that takes pets.

I'm considering two options for my property and would appreciate some advice:Cash-Out Refinance and Then Sell: Cash-out refinance to access some of the equity, then sell the property to get the remaining equity.Sell the Property Directly: Skip the refinance and sell the property outright.My main concerns are:Fees: Are there more fees involved with doing a cash-out refi and then selling compared to just selling directly?

Get fee sheets or loan estimates from whichever 2-3 lenders you're considering and make an apples to apples comparison.

The PM fees are justified 2) I question if such units make sense as an investment.  

Hi Lisa - I am far from an expert on CA, but on the income I personally have a premium AirDNA subscription and start there. 

The same deal falling onto the lap of an investor without cash or access to quick credit, would at best end up giving up half the profits and at worst get a small “finder” fee.1.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I would happily give away big chunks of equity and/or forego typical syndication fees for the chance to JV with an experienced person on something like what you have just done.  

Management fees- free rent in exchange for licensed agent living in the community and coordinating work orders, etc. $288,000 income - $199,600 expenses without management and landscaping = $88,400 / year or $7,366/month.

Way less fees, you could stretch it over 6-8 years, etc.