Hi @Todd H.I highly recommend meeting with @Jamie Rose the next time you are in Anchorage!

Thanks for both your responses @Colten Thiel and @Jamie Rose.

I heard a story a couple of years ago about a lady who cash out refi'ed $100k out of a free and clear rental around 2004 for personal expenses. 

Nobody will do a better job than someone in the family, and the money stays in the family.My cleaning lady does the work for free, plus I get to sleep with her.

.-- Jamie Rose

She still wont sign.. title company now wants an amended order from the judge which was another legal bill. and the title company wanted 90 days to pass to give the lady a chance to appeal.. that all pass's and we finally close Lady never did sign .. and title company just fed exed her proceeds check to her.. we then had to evict her that took another 6 months in Portland.. and after all of that we demo's the house.. but we had 3 lots underneath it and now there are 3 new constructions there.. 

Sometimes I feel sorry for someone like an old lady and think I wont charge her the pro rate of the 3 days or deposit, etc...

The market value rose from $165 to $187 during my ownership, but rent was flat, shrinking the yield.

I used my usual hard $$$ lady so I could do a 20 day close (which is how I got the deal, they needed out fast) and I was able to finsh my rehab and get it rented out under my time frame and under budget.

There is also a lady that cleans all 24 of my STRs for free, and I get to sleep with her.