Since you plan to pay off the mortgage within a year, you might do best with skipping step 1 and just do your refinance in step 3 first or second.

You would skip your October mortgage payment New Quote: 5.75% with a monthly payment savings of $230.

You would skip your October mortgage payment New Quote: 5.75% with a monthly payment savings of $230.

Quote from @Nicole Rhim: Skip the shower door.

Like a trust.LLCs do not open some magical door to more tax deductions.I tend to recommend LLCs where the properties are located, but then those LLCs are owned by a Wyoming multi-member LLC.But if you think that you can skip fixing that loose railing and hide behind an LLC when the tenant is injured, you'll regret it.

Sounds like you skipped cap-x and just took a hit of "hopeium" instead. ya, that stuff will rot your brain and drain the wallet fast. 

I agree some some posts here... yeah, you cannot just skip deducting expenses since that does break some fundamental rules.

In group rental situations, our lease says EACH tenany is responsible for the total rent if one skips out or leaves. 

When I first got started, I made a huge mistake by skipping this step.

(Before they may have run in to financial trouble and skipped out.