If not, and the neighborhood supports it, I'd fix that and then do a complete refresh and see if you can rent it at a higher amount.

[BP refresh hiccup]

However, if you're thinking someone else will care more about protecting your money than you do, then it's time for a refresher course on human nature. 

Maybe you have to refresh the page.

I know I am suppose to network, and e-mail them to refresh their memories of me, but I am just having a hard time trying to visualize a scenario on how I would use their services, as I have no experience of being a landlord yet.Thanks in advance- Alain

Although I will have PM in place to handle the property, the turnaround, the evictions and the refreshing you HAVE to do every time a tenant leaves are a headache and a cost that comes more often with C class tenants.

In this case they have a ton of great relationships with contractors who are constantly performing interior refreshes (kitchens, bathrooms, floors, paint etc.) which is usually the rehabs I’m targeting.

The refresher on the 50% rule led us to re-evaluate our strategy based on our reply.

If I take cash-out refinance (e.g. 80% of equity) for this house so that I can use that money in some other investment, would it result in same (or simlar) tax benefit as like I have a refresh mortage on this house? 

I think 6 weeks will be the sweet spot, that I can recover and refresh, and will also allow me to get to know my new city and make some connections- That vacation will NOT be funded by my profits, but rather from savings already set aside for that purpose- If I don't take an extended break, It probably wouldn't be wise to pay off my car either, and I can apply that extra 20K to my next deal and use it to generate more profit.