This summer I'll be working for three weeks earning up some money and I'll try to (I will) put them away on a high yield savings account as you said!

I have reduced my evictions to a low number.#2. 

Property 1 $1.7 million value$1.208 mill mortgage$9800/month rental incomeProperty 2  $800K value$277K mortgage$3600/month rental income My goal is to take cash out of Property 2 to reduce the principle of Property 1. 

Total profit over 3 year period is around 56k (28k for me, 28k for my partner) $8,200 of our own cash invested (14k of rent credit so even though it is not out of pocket, it reducing our cash flow on our portfolio about 900 a month for 10 months).Total out of pocket is about 11k. 

My credit score ranges from 650-705.Property 1 $1.7 million value$1.208 mill mortgage$9800/month rental incomeProperty 2 $800K value$277K mortgage$3600/month rental income My goal is to take cash out of Property 2 to reduce the principle of Property 1.

I would be sure to reduce the agreement with the wife to writing and then push forward with calls to attorneys. 

It has also increased in value by 20%; therefore cost basis has reduced and capital gains exist.I clearly understand I need to pay transfer tax.

Assuming this would significantly reduce a potential tenant pool, coupled with the scare of the storm, I decided to sell just before everything took a dump.

It's ARV is $325-340k, the bank was asking $234,000 originally and is now $199,990 (reduced 35k after septic failed). it needs 120-140k in necessary renovations including the septic (cant get CO without the repairs).

Nor does it matter where you made your income -- even if every dime was earned in PA.