If you make $200k a year, that's $100/hr your employer is paying you. 

Screaming high / fast interest rates employed by the Fed, $10 Trillion in federal spending, extremely low home sales, corporate earnings revised lower and lower, inverted yield curve for Treasury Bonds, etc…, all indicated a recession on the horizon.

I have the template from the BP "Book On Rental Property Management" and will use it as a starting point but need some additional language. 

For example the last rental property we purchased we owe on it about $86K and if paid off would cashflow an additional $600 per month.Because of our household income I am worried that paying off properties would bring us into tax brackets. 

Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.

@Steve Hungerford, the additional basis from the capital improvements is not lost. 

I guess the big question that I have is this: are you still with the employer that you have the 457b plan at?

My question is can I legally modify the lease to add the 2 additional adults and increase rent by $600/mo? 

Additionally, for DSCR loans for which the purpose is a “cash-out refinance,” the use of the cash-out proceeds must also be used for a business purpose.

I should probably provide some additional insight:1.