Keep the current house, cash-out refi at higher rate for cash, and convert to investment property (assume 0 cash flow per month).

Anyway, sec8 and month to month with a hands on...let me say it louder for the folks in the back: A HANDS ON PM...you will see the return in Detroit.

I dont think these things are hard and fast.. to me look at whats left after the rent is paid is it enough to really live on.So if rent is 5k a month for instance that means tenant needs 15k a month in income pretty standard .. well that tenant now has 10k a month to live on.. most people can make due on that.so if this tenant came to me and only made 10k a month  2X the rent I know they have another 5k a month to live on so sure that works.where this is important is in lower income low rent areas were rent is say 800 a month and 3X is 2400 minus rent leaves 1600 a month for EVERY thing else can you live on 1600 a month ???

With a few inquiries from auto dealers. they shared 3 months bank statement and cash app summary showing 10,000 per month coming and withdrawal as well as withdrawal so maintaining close to 0 balance. 

It’s in good shape and I could get it to cash flow by about 50 bucks per month - taking into consideration only mortgage, insurance, and property tax.

He acquired a tenant for the SFR at $2,550 a month, bringing his cash flow to $850 a month.

If you go to meetups for 6 months and just talk to people and never have an ask, you will find friends, partners, JV deals, and mentorship.

IF you are getting $2500/mo and it takes 2 months to fix and it still costs $10,000.

Is there a specific reason why you are wanting to obtain this information 6 months prior to the expiration of the current lease term?

She didn't want do anymore leases as they are done with property management. the 2 occupied are on month-to-month.