$220 Vacancy/minor repairs/maintenance                    $220 a month for water/sewer/trash/landscape/snow (actual should be way less)                     $1000 debt serviceNET loss of $160 a month      The cash flow is terrible of course, but that is mainly from the outsized taxes which was from what I can tell from tax records an extra school levy, total taxes for 2016 were  $2341 on same valuation.

isn't that a legal requirement? 

We bought it at a 7+ cap so sale price was essentially price adjusted for the assumption.I would run two scenarios get the actually yield maintenance $ amount and add it to the purchase price and see what your model looks like after placing new debt and what your model looks like if the lender will give you a supplemental.What's your exit strategy and timeline?

I know the general principle is to refinance the property and pull out the cash to pay off any debt (Hard money lender, rehab costs, etc...).  

But beware, if you use Their title co. they may not search for, and not cover, unrecorded liens.....code violation fines, utility debts, etc.

Now wont the bank check your debt to income ratio.  

Johnathan.. what you also had and you may or may not know was the strategic foreclosures in NV CA and AZ.and the banks could not legally get deficiency judgments at least early on..

You're trying to fast track equity/savings by letting others pay down your debt. 

Sounds like the issue is your debt to income ratio.

You have 1 unit go vacant then 3 are still rented on a quad and likely to still keep servicing the debt.