I had a feeling it was the 'right' decision to do so, but hearing it from multiple investors has helped clarify my confusion and concerns.

My concerns would potentially be reduced future purchasing power as a result of less cash flow along with the increased debt to my name.

@Matthew Paul,I understand the concern--I've heard similar from trusted confidants that I've shared my plans with.

The dirt basement and there being a dwelling down there is concerning, for sure.

Any borrower caught in the middle of this ebb and flow with the potential of closing a loan that is 40-basis points higher than when they signed the application is concerned.

I tell them to leave a forwarding address and that's where the remainder of the damage deposit will get sent to said address.

I would, however, advise your aunt to refi, unless she's more concerned with paying down the balance on the mortgage for the next 8-22 years.  

This is a issue that should have been addressed by your lawyer, it should have gone through him ahead of you, not something you need advice on from a forum.

I am using a high level professional with a good reputation but I am concerned they are just too busy and the underlings don't get it done right.For those that have complicated returns what is the accepted amount of material errors to see in a tax return? 

The house had some significant plumbing issues that needed to be addressed as well as some electrical updates.