It was in the Madison school district, a well desired location.

I ended up putting more into the rehab, but that also meant I ended up with a higher end apartment, with everything essentially brand new, and great tenants and 0% vacancy.

The house I was improving during the redemption period is in a state where they would have to pay back the cost of any permanent (whether essential or not) improvements to the property if they redeemed it, with interest.

Where investors essentially use the home equity line of credit from the bank to either invest in other properties or pay off their current mortgages.

@John Morgan So, essentially you are saying worst case scenario you lower your rents and your cash flow goes from 3,400/month down to, lets say, 1,600/month, but you are still in the red?

By refinancing without your partner, you both could essentially have 20 properties together (10 in your name and 10 in your partner's name).

It's essentially dead except for me and a couple other people but we can at least stay in touch and maybe it will revive some day.I'm always very busy around the beginning of the month but it would be nice to get together in the next couple of weeks. 

Utilities - For water you are going to have to find the utility district that serves your home. 

This is not a common loan, and essentially allows you to use equity in that paid off home and repay it over the course of 20 years (if I remember correctly) and then it locks into a fully amortizing mortgage.  

The new bigger house we would hack, and we'd essentially keep our current comfort/lifestyle while covering a good portion of our mortgage with renters.