Hello everyone my name is Josnel and I aspire to become a Real Estate Developer.

They currently have under $1M in leverage on the assets but are looking to get a line of credit / portfolio loan to encumber these properties or other properties they acquire.

What will be left of the security deposit if they feel they have no choice but to leave the property as is.

@Truong Vu You have some valid concerns, but most investments, whether for your personal use or long term holding property is usually about leveraging what you have.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

They have three days to complete and return it.This not only ensures transparency but also helps avoid any misunderstandings about the property's condition.

My properties are insured.

As far as property managers and realtors go in Rochester, I haven't done any business down there but if you look on BP next to the "Build Your Investing Team" section, you should be able to find some folks in the area. 

Your $950/month on property B isn’t being “thrown away”.

This Millpond Ct property was an exciting opportunity due to its prime location in San Juan Capistrano, CA, and its untapped potential.