Admittedly I never quite viewed this property as “an investment” and made foolish decisions like cash-out refinancing, never raising tenant rents and ultimately lost interest and allowed the place to become a bit neglected.

It wasn't quite as good as my first one but it is a step in the right direction:Purchased: $185kRehab: $15k + $4500 in closing on the refiARV: $232kRent: $1550Refi: Pulled the original $185k out Cash Flow: Breaking evenSince I refinanced within 2 months of purchase, I could only refi out my original purchase price. 

I'm not sure that's an option.I'm wondering if anyone on here has some insight as to other options with keeping my mother on as a temporary partner, refinancing at a later time to buy her portion out.

Sept 22nd is the 6-month mark, however, I wouldn't be refinancing prior that date anyway if it would affect any of the numbers.

Ok, so if you still have room, then analyzing 2 of your properties for a cash out loan would seem to be reasonable but I would strongly suggest NOT refinancing properties unless there is a benefit to you.  

Your other option is cash out refinancing.

Just refinanced to get rid of mortgage insurance; appriased for $355k!

You need to increase the value of your triplex then you can get that money through selling, refinancing, getting a home equity loan, or obtaining a line of credit. 

BUT my back up would be refinancing into a mortgage if not.

IF the $50k is going to be paid back at some point  (either by selling the property, refinancing, etc...), then this could be treated as an interest free loan.