All other terms and conditions of the original agreement remain in affect unless agreed to in writing by all parties.3.

The house was fully renovated when I moved in 6 years ago, it needs minor repairs that I plan to take care of so CAPEX and maintenance should remain low, but of course I’ll still put away for the unexpected 

There is currently a general agreement to hold indefinitely which is what I would do if I remain owning 100% outright but I’m just trying to cover my bases for potential future situations.

With respect to the first option you mentioned - regular 80/20 loan with 2nd mortgage to cover the remaining 20% - are you saying you can do 0% down without PMI or would the second mortgage likely be 15% or something?

Old passive losses remain passive and locked by your income. 

All indications are they will remain low(er) but who knows.I like to hold onto cash flowing properties when I can and, with the cash out refi, you'll keep the property and have around $600k (based upon your ARV at @75% LTV) to use for additional properties.Good luck!

By the way he makes it sound, any implications are still a little ways out, and the rental market will remain strong.

The only contingency remaining is that the tenants must be out prior to close of escrow.

Reminder her of move out procedures if she decides to move out, but that you appreciate her tenancy and hope she decides to remain in her home.It is easier on everyone to assess and change rent annually, but we often had such a small amount that we decided not to take action. 

You would only be able to claim 15% of your loss and write off the remaining loss in future years.Issues with BasisYour “basis” in a property is essentially your capital investment in a property for tax purposes.