You've got a couple of years to turn that around before you need to choose an option.I also lean towards the cash-out refi idea, for now! 

One can is typically enough for a couple treatments for a small nest.Even if you decide to pay for it, do not lower the rent.

This is much more secure than predicting what will happen to the market in the next couple of years.  

We have participated in a couple of the Bigger Pocket Webinars and are looking forward to participating more.

Rather they are showing a 'proposed financing'.They are NOT guaranteeing that you will find this (LTV, Rate, Term) or any other aspect of a loan (fees, commissions, etc).Leaving the loan aside, I can't help but make a couple of comments regarding the numbers;- Vacancy of just 5% means that if you have 1 move out in a year and it takes you more then 1 month to turn the unit and re-lease it, you have exceeded your vacancy budget.

The house we have now is again in a area with older folks mainly but over the last couple years we have noticed some younger families moving in.

I just emailed Jake back today after our initial phone conversation a couple weeks ago.  

Over the last couple of years I've controlled over $2.3M worth of real estate using creative strategies like wholesaling, lease options, and seller finance.

So far I have spoken to a couple members that have been extremely helpful in helping out a newbie and I'm looking forward to connecting with a lot more of you!

Having a couple of credit cards, student loans, car payments, home loans, etc. and paying them ON TIME every month will increase your credit score. 2.