@Garrett HawkSo the seller is carrying 10% and you pulled cash out of other performing properties for 10%, and the bank financed 80%.

Called several electricians to do a service change at my house (add a meter and separate basement and first floor circuits) - a job that requires pulling a permit with DOB.Each time I ask for proof of license, electrician says something like "We sign contracts, You give deposit, I pull permit" and doesn't address license.This has happened to me 3 or 4 times.How are these electricians pulling permits if they are unlicensed?

Is the source pulling a Goldman Sachs, whereby they tell their investors one thing but tell the public the exact opposite?  

That may not have been ideal for you but is was certainly a deal you could have pulled off.

Or try refinancing and pulling cash out to clean slate and keep rental but obviously with less cash flow?

Sound like to need to see professional advice in this area.To your question:  If she is going to stay in the home that needs repairs then you might look into a Reverse Mortgage that will let you pull out enough money to rehab the home and then she can live in it payment free for the rest of her life. 

He then tells me he has to find someone who has a license to pull the permit for him.

I am in the process of Refinance my house to pull some equity and reinvest on RE.

At the end (if they are not interested) ask them to keep your business card or contact info in their junk drawer, you never know in 5-20 years from now if they will pull out your info and call.6.

Pull out 8-9% of your gross rent to account for Cap Ex.