@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

There are more effective ways to accomplish this.

I let them run to the end of the year as m-t-m, then send a rent raise letter, usually for $25 or $50, on or about Nov 1, effective Jan 1. 

Most alternative investments work just like pretty much all RE niches work when deployed effectively.   

Then you have someone who understands the investors goals well and the technical experts really working together effectively. 

This alone was most effective.

I will educate myself better regarding laws so I can handle these matters effectively going forward.Quote from @Steve K.: Why would you need the tenants permission to send an inspector in?

Read: The millionaire real estate agent; Hyper Local Hyper Fast AgentWhat are some effective ways to network with individuals at all levels?

What's the most effective means of dealing with this issue?

How would 7% interest rates in 2025 effect the market conditions for you?