The upside is I'll be able to cash flow around $25k/year with an %8 vacany rate factored in. 

How do you know that Angel has not elected taxation treatment of a corporation for the LLC?

This insurance may be the deciding factor.

At my house I use Home Defense Max it comes in a one gallon container and it usually last for around a nine months per treatment cheap easy and quick.  

I factor in opportunity cost depending on where you are in your career. 

You're just over 10%, maybe, but in commercial there can be other factors such as forced appreciation that can be accomplished rather quickly, unlike residential values.

@Jamey Newman,Along the same lines as @Irfan Raza, I would say that the appraisal is the biggest factor in the cash out refi.  

How much is fix up with an extra 20% fudge factor for problems that will occur? 

I have a three unit property that I get about $1500 a month after PITI, and after factoring in repairs Im between $800-$900 a month.  

You wrote a blog that spoke to the line-by-line item of tax treatment and what items would be used for deduction where and why. http://www.biggerpockets.com/renewsblog/2015/06/07...With these changes, how do we account for these if the form is no longer to be used-my understanding at least as it's being replaced?