Hello, Looking to re-fi my home and extract equity in the process.

1) J Street (single family)•Purchase price (inclusive of fees etc): 33k•Monthly Rental: 695•Yearly Insurance: 600•Property Tax (Estimated): 1200•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 69.5•Net income (Not counting repairs of which there hasn’t been any): 4300 2) Morningview Street 1 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 1000•Yearly Insurance: 600•Property Tax (Estimated): 604•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 100•Net income (Not counting repairs of which there hasn’t been any): 69003) Morningview Street 2 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 950•Yearly Insurance: 600•Property Tax (Estimated): 587•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 95•Net income (Not counting repairs of which there hasn’t been any): 6550 Additionally, as the properties above were purchased in cash, I am exploring if there are options to extract cash from them so that I can re-invest the cash while at the same time taking loans for the additional investment.

Since they are such great tenants (and they can be very hard to find), I would help them set up an automatic payment system bi-weekly, as follows:$1850 X 12 = $22,200$22,200 / 26 weeks = $853.85 per payday.That way both you and your tenants can sleep at night.I'm sure you will be a hero in their eyes if you do this.This would enable you to increase the rent in August by $50 with a month-to-month tenancy.$1900 X 12 = $22,800$22,800 / 26 weeks = $876.93 per paydayYour tenants would be happy the rent is going up "only" by $23.08 per payday. 

It will get you energized and may be focus you a little bit towards RE investing, and it will enable you to start step by step if you would like to.

This way out of a 5 year lease if they take a bath year 3 I have extracted maximum rent.In regards to NNN the leases it is true there is a base rent and then a CAM re-imbursement so they are essentially covering all the expenses.

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Also note that this was a unanimous decision of a very "blue" state Supreme Court.http://www.delawareonline.com/story/news/crime/201...See Also, San Francisco Housing Authority:http://www.sfgate.com/bayarea/article/Housing-Auth...See Also this review article:http://scholarship.law.stjohns.edu/cgi/viewcontent......paying particular attention, perhaps, to this: "Nonetheless, banning legal firearm possession in public housing enables government interference with otherwise legal gun ownership, strips residents of an important means of self-defense, and very likely

She said it will help her budget her money and enable payments to be timely.

One thing I learned in this life,  is that you don't enable people.