Hey Ethan, looks like you've already gotten some solid advice.

If I refinance for $279K, my understanding is that the entire amount would be considered replacement debt.

We have a solid system in Quickbooks and want to stay with that for financials.

I know it may sound common sense, but people do struggle with understanding that water follows gravity.

Its a great idea, but you will need to consult the township in order to understand their requirements for liveable space.

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

Also as I understand it qualification for these loans are based on the property as opposed to the borrower.

However, if you partner with the right one, they will be instrumental to your real estate growth.As @Angie Keefe mentioned, your bookkeeper needs to specialize in Real Estate or thoroughly understand the industry because it is very balance sheet-heavy.

Realtor – Someone that understands what an investor is looking for, knows the investing landscape, areas to invest, and is willing/able to show lots of houses before the right purchase is made.3.

Folks just need to understand things never stay the same..