I would've rather had the $8k they cost the seller as a price reduction.   

Because of this, I believe the insurance should remain in the seller's name and we should be named as additionally insured, to avoid alerting the lender or dealing with 2 policies.

Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? 

It is currently a 4 unit, 2 units on each floor, and after my initial walk through of the property I noticed a HUGE unused attic that can convert into one if not two additional units. 

I want to pay down additional amount to remove PMI.

I am sure that you would think that the Turo contract would help with that, but seeing as you are providing it as a service in addition to your STR, I can see issues if there is a problem.Plus you are offering significant services with that rental and that would change your tax situation.

That way you can tap into the equity in addition to some cash flow resulting from the low interest payment. 2. 1031 exchange: what would you buy as your next property?

In addition, you can reach out to a local hard money lender (not a national lender) and they will point you in the direction of fix and flippers who would make an offer.

In addition, we had to pay all the closing costs, which rounded up to $4,000.

A few notes:-- Does the rental still work when you account for the additional HELOC payments?