Are there any other tax implications to this?

Your profit on deal #1 is $25k so you would pay taxes on that.

You might add the weighted interest you are currently paying, to see if you actually save money by refinancing your primary.For your 1st investment property, if you want to do a cash out Refinance on a DSCR type loan, you will need to get a minimum loan of $70,000, at 6.6%, you would need to have the property rented for a minimum of $900/mo, assuming taxes are about $2k/year, and Insurance is $750/yr. 

If not, and no other factors (like in a bad area, where a lot of things might get thrown up on the roof; the foundation is moving a lot; ... ) effect it, then bi-annually or when you think you need it should be fine.Feel free to reach out to me/us any time.

Feel free to contact me, thanks so much I look forward to the responses, Cheers!

Feel free to reach out if you have any questions about getting started in real estate investing. 

The rental profits from your own property will be schedule E (lower tax), the profits from your property management company will be schedule C (higher tax).

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