Hence, it would be good to calculate your cash flow after the cash out refinance to make sure you'd be in the positive after the refinance and that you are comfortable with the decreased cash flow.

For example, Revocable Trust do not provide asset protection like LLCs do.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Anyone in OUR situation (who is not in the 1% of 1% and has dividend / investment income that would provide a sufficient means of living otherwise) is going to be totally focused on cash-flow.  

Home insurance won't cover a lot of system failures like electrical.Home warranties are designed to make the warranty provider money; they are slow to respond, quick to reject claims, charge you a trip fee for every visit, use the lowest-cost vendors that provide quick-fix solutions, and are generally not worth the paper they are written on.

Thanks for everyone's input, I wanted to provide an update. 

(I'm a data scientist and feel comfortable crunching #s)Thanks!

I also have invested on the north side of the city in Albany Park and Irving Park neighborhoods because I was comfortable with them after having lived there back in grad school. 

The pension amount at age 39 is not enough for me to feel comfortable, so my long-term plans are to start a small business and invest in real estate to position myself where I don't even need my pension, and it's just a bonus.

If the tenancy is a specified lease term under a written agreement, and the lease term has not yet expired, you cannot impose a rent increase during the term, unless the lease agreements provides that you may do so.