The condo (2 bed 1 bath) is part of a resort hotel on a Florida beach with built in return STR.

PITI: $1285.00 (About $1000 less than I used to pay as rent in this house)Lender appraisal: $235k (May 2020)Cashflow: $665 after paying ALL expenses including HOA, utilities, and cleaning crew (Before the pandemic I was cash flowing about $1k even paying $2100 in rent)After I bought the house I spent about $3k on the house and did all the work myselfFresh paint inside, renovated/painted installed fixtures on bathroom vanities and kitchen cabinets, they look as brand new right now, replaced some other fixtures in the house, and more.All comps inside the resort are selling for about $250k right now.I'm looking forward to buying a house in Baltimore this year or beginning 2021 and I can lock my rates at 2.8%Do you guys think it's a good idea to refinance to take advantage of lower rates since the comps are good and most likely I think the appraisal will get a little higher due to the Improvements in the property as well?

As a last resort, take it down if you want since it’s on your property. 

I have around 60k in savings for a much needed  remodel on the house and have access to another 50k in 401k as last resort  I been going crazy trying to strategize the best scenario that makes financial sense to gain passive income to cover both mortgages and then some and gain a greater tax write offs/incentive.  

If we are unsuccessful we will probably have to consider a hard money bridge loan, and ask the seller for seller financing as a last resort if it comes to that.Again thank you!

Hey all. My name is Shane Priest. I'm 25 yrs old currently playing baseball overseas in Europe and Australia while working in Finance. To get straight to the point I have a passion for rental property investing as I'v...

If you have good reason to believe that she will cause problems, you can always resort to "cash for keys".

A 43 Unit Resort-Zoned property located in Pocono Pines, Pennsylvania.

My wife and I purchased a condo inside a resort to use as a vacation rental, which we self-manage.

With money and experience you get treated like a player by banks.