Hey Bhargav - Are you looking for a rate/term refinance or cash out?

VA loan Bought for  165,0005,000 in equity Willing to sell for 180,0003.125 interest rate My dilemma starts with me just closing on my first home and my debt to income ratio.

What kind of management fee are you charging?

Attorney retainer fee will probably start at $10k.Would it be worth it?

If she doesn’t want to let you show it, then that’s fine but you’ll need to be more firm on the termination fee, maybe reduce fee due to special circumstances if she leaves it in great shape.

Jack - Elements of seller financing that I think would be interesting to call out/explain are:- Payment structure (length and rate) to seller.- Tax Benefits of receiving installments instead of a lump sum payment.- Legal Options for the seller if the buyer does not make payments.- Visual/Explanation of how the loan looks on the HUD-1 at closing.Good Luck!

For this reason, it wouldnt make sense to rack up all the fees for title, escrow, lender fees, etc to do an investment cashout when you likely could get a personal loan at a similar interest rate, but only pay 300-500$ in document fees vice paying the 5-8K fees you'd likely rack up between the lender and title company with the refi. 

No rate adjustments for 2-4 units which is massive from a lending standpoint.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It's probably tempting with your low interest rate to keep it and that might be a slight consideration, but I would still be tempted to sell it if you can.#4.