@Jerry Chilimidos,Here is a list of lenders who specialize in lending to IRAs and 401Ks:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...I don't know where your rentals are located and how they are performing but selling might be an option vs doing cash-out refi.I would certainly consider option C.

Always consult with a qualified tax professional before making any tax-related decisions.Depreciation losses will have no effect on your financing options. 

Quote from @Jay Hinrichs: Quote from @Guy Gimenez: Quote from @Tom Gimer: A better question may be is the program worth 10,000 pesos.When the DOS is called you can't reconvey to the seller and restructure the deal as a lease option... at that point the goose is already cooked.Exactly.

They should have the option to install a security alarm at their own expense.

Happy to help you with either option, send me a DM.

I recognize that commercial real estate is struggling, with ~30% vacancy in downtown Portland and homelessness issues, but I believe this property’s tenant stability and quality make it a lower-risk option. 

The advice I would give as a lender are these few options if you both are on mortgage.

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

Feel free to reach out, I'm happy to chat and discuss options :) 

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).