We have $100k cash right now and we’re trying to figure out if it’s worth it to put the cash we have into refinancing Property 2 based on income generated, decreased value, etc.

If you have owned it for 5 years and lived in it for 2 out of the 5 years prior to selling it then you will get a proration of the gain tax free for the period of time you lived in it. 

I want guaranteed monthly rents because when I purchase my main focus is cash flow, then equity in the form of added value (renovations, adding extra bedroom, etc).

After negotiating price down, with current rents, I will break even on cash flow after year one.

Hope that helps in some way but feel free to reach out if you want to talk anything through. 

Purchase price: $112,000 Cash invested: $30,000 Primary residence turned rental

Purchase price: $583,000 Cash invested: $35,000 Denver STR airbnb.com/h/cute-denver-5bd

We also have no seasoning products that would allow you to pull some cash out if that made sense for you. 

Option 1: Keep the home and rent it and cash flow about $2,000 per month while it appreciates.Option 2: Sell the home and cash out.Option 3: 1031 exchange the home into 4-6 units in Knoxville which would be about the same value.More info: Riverside as you all know is a great appreciating market but not landlord-friendly being in CA. 

Feel free to reach out if you have any questions.