It would also mean that what we purchase would be free and clear.Our rental apartment is paid for and provides $900.00 per month net cash flow after HOA and insurance.I feel our next investment will define our ability or our inability to further invest in the future.If I refinance the 200k will cost me around $900.00 extra per month.

So if you have $200k in stocks and otherwise, they'd divide that over 10 years, and give you credit for an extra $1666/month in income.

Analyzing this property a few ways: flip, STR, LTR...open to BRRRRThe linked report is to renovate the existing floorplan without the changes to the floorplan.Fast facts:1600 sq ftCurrently a 3Bed/1Bath; 1 bed and bath downstairs, 2 beds and 1 extra community area upstairsOriginally a 3Bed/0Bath; eventually someone added bathroom, laundry room, and mudroom (all downstairs; addition is vinyl-sided exterior)Full reno neededSpecifically interested in feedback on any of these points:Did I miss anything?

If not, you may want to pay the extra premium and get Replacement Cost.Property Characteristic Example - If you have a finished lower level, Back-up of Sewer for $50 probably make sense.  

I've had tenants who were there instead of me and others where I insisted on being there as the current tenants tried to get the repair person to do extra.

You deserve a premium is all. 

I fully believe that if you spend a few extra dollars on perks and upgrades, the unit will rent faster. 

Ask if you could do a Master lease where you rent it below market rents and rerent it for $200 or $300 more and you mange the property and pocket the extra rent.

When you factor in the savings on these fees alone, the net extra a homeowner is paying, at least us, is probably more like 14 to 17 percent. 

This it's another uncontrollable variable for you. 3)You can also dive deeper into the tenant's circumstance: do they simply not have enough extra cash to pay for the deposit right now?