Anyone can post anything on a public site.

She has a maintenance agreement with a tenant that is getting extremely reduced rent to keep her income low and keep her from losing the property to the state.

That said, you'll want to be very mindful of location: Many parts of Austell are in or near active floodplains, as evidenced by the catastrophic Flood of 2009 (https://www.weather.gov/ffc/atlanta_floods_anniv).The City of Austell Public Works Department provides comprehensive Floodplain Management services, including education, mapping, and many other resources, at https://www.apwsm.org.

We've been making efforts to reduce our major monthly expenses (down sizing house, etc). 

In return his management time will be less, and theoretically can afford to reduce fee a little.

Passive losses can only offset passive income (Unless your AGI is under 150k, phase out begins at 100k- or unless one of you qualify as a RE Professional- which if you both have full time jobs isn't very likely)So your potential passive losses from the Rental will carry forward until there is a time with passive income, and then it will reduce that.Also, much of those renovations to get that rental ready to rent will need to be capitalized.

@Eric SuessYou may be able to potentially offset rental losses against business income to reduce taxable income.It won't decrease the amount you have to pay in "Self-employment taxes" though.

Since the refinance is typically a return of capital, the capital balance is reduced so the preferred return is reduced.

FYI, my wife and I are licensed CFL’s.CA real estate brokers are licensed to do business with the public.

Public knows not to seek nutritional advice from the person working the cash register at Burger King.