If there's a lender involved, you'll need to satisfy the lender's requirements as well.

I came out well (though the tenant will probably remain as the "worst" I ever dealt with).

I went to high school in Queens and still have a few friends remaining there.

I used to use a product that would be suitable for the food industry or healthcare industry but found that it doesn't always work with the infestations that you would find in a long-time vacant property.I have since been using a product called Termidor(no relation to them in any way) and have been very satisfied with it.

You take the value of the home and subtract it by the remaining mortgage on it.House Value-liablities___________=Equity

From the cash out refi we paid off the purchase loan, the personal loan and my 401k loan and used the remaining cash to purchase our next property.Depending on the circumstances it can be a good use of funds, however, if you have no plan to or don't think you can quickly get the money back I would think about other options.

I'm not sure about the whole license deal, but @Steve Babiak would probably have an answer.Also, in order to sue the tenant for the remaining rent, I'm pretty sure you would need to actively try and re-rent it.

The buyer can not benefit from the 1031 Exchange unless he acquires adequate replacement property to satisfy the 1031 Exchange requirements.

My clients are generally satisfied with that type of yield since they can borrow money at much lower rates.

What remains is your cash-flow before taxes (CFBT).