Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.

Cash out refi.  1031 exchange (sell and reposition).  

The repercussion of failing to execute a 1031 exchange far exceed the savings you get from negotiating down the agent commission.

I bought it for 247K in 2013 and just sold it for 650K two weeks ago with a 1031 exchange getting out of the partnership to go do our own things. 

What are you offering in exchange for the capital?

The 1031 exchange seems daunting but it is not.

I sold one of mine last year to a gentleman from out of state who needed to do a 10:31 exchange, and he ended up just moving his son into the place I would recommend advertising on local and even out of state Facebook groups.

You are still overthinking it a little: no need to incorporate inflation, because it is just a devaluation of the currency, so it effects income and expenses alike.The fact that you are planning for capex items already puts you ahead of at least 50% of new investors, who just think about PM and repairs.One major realization is that you need equity growth to pay for capex.

Using strategies like a 1031 exchange allows you to sell and reinvest in another property while deferring taxes, so I often factor this into decisions.For me, it's a combination of interest rates, appreciation, and potential cash flow.

Furnace was 30 years old and there were cracks in the heat exchanger.