Anyway, the first is getting 100% payoffThe 2nd, after jumping through Coopers hoops, came back with "the short sale has been cancelled" and "this loan has been charged off by the lender"Now the 2nd hasnt been paid in 13+ years, but what happens when a 2nd is charged off?

This cash can be used for immediate needs or future growth of your portfolio.Reinvesting Strategically: The available cash can now be used strategically whether that be upgrading one of your existing properties or purchasing a new property.

I had not thought of the interior decreciable assets until now to gather for my CPA.I have to say the 1st part went well considering the issue with the buyers lender and the property insurance.

But as of now, just a long term, high yield savings account.

I am now summarizing the key points for managing rental properties to build my systems before launch ( I am strongly considering Rent-Redi software) but I am wondering how I would use this software for client's properties when collecting rent, holding deposits and the like.

Hi Sina,Sounds like you are excited about the the crazy ride of real estate investing. 3 year to be passionate is great - but it's now time to take action.I'm in LA and invest in the midwest currently. 

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.

Honestly, long term investor loans and DSCR loan rates aren't really any better than that right now.

I would respectfully mention your opinion and findings to them and ask for their thoughts.Keep in mind if you are just now filing the 2022 tax return then penalties and interest could be increasing this number.

The rate at which you'll be taxed on this recaptured depreciation depends on your income tax bracket, but it can be up to 25%.Now, if you have to sell the STR due to divorce, you'll likely have to deal with depreciation recapture.