The structure:Existing debt stays in place, and you remain as the borrower. 

For Capex, I look at current state and remaining useful life, then budget accordingly based on estimated costs over remaining life.  

And this is better for you than extra rent as it will remain in place until they move out.

All other terms remain in effect.

And I also like the idea of splitting the remaining money to both invest and pay down the debt.

With the remaining funds that we had from the sale in dayton we fixed and renovated the condo to our liking.

Buy cash or work with a CDN bank that has ties in the states (RBC and HSBC) I think? 

So if you refinanced at 80%, you'd still have a decent balance of the line of credit remaining, and it would still be a negative cash flow property.We may get experts on the Seattle market to chime in with their knowledge, I know the appreciation play is a lot more popular there than elsewhere. 

All rentals will be within an hour of Denver, and once we get the process of buying down and we can confirm we like being landlords OOS will become an option.Options:Buy 500-600k primary with cash, then use the remaining balance on rentals.

Fortunatly for me I do not have any other ties to weigh me down so, I can soley focus on my business with limited distractions.