If market rent did not increase with the increase in the property's appreciation then a refinance may reduce your cash flow and, by association, your cash on cash return.In this scenario, it may be prudent to sell the property to extract the tied up 173K in equity and accept that you've made 273% profit on your original 46K down payment.  

Expenses are... about 10k per month, depending on how much I pay down the plastic and medical.

Hi everyone new in Seattle Just move from California my wife and i decided to move here in seattle we love the nature here we are background we are from the Philippine we speak Tagalog fluently and we're both in the medical field We're very interested in real estate we are now renting an apartment here at Kirkland WaOur goal is to learn about wholesaling and landlording We started reading books about real estate rich dad poor dadWere hoping this forum can help us.

Pull credit..I spend time reviewing it to find out what's not paid and why not..mostly medical and school loan stuff will accept..utilities and lot of charge offs not paid is usually bad sign(recent)...this is totally subjective4.  

Seems like you already offered to do whatever you can to reduce noise - I'd let them fight it out. 

Buy the mortgage at discount and reduce the payments.

I am a veteran of Operation Enduring Freedom and a full time manager at a large medical device manufacturer.I am currently on my 3rd home in the past 13 years and therefore have some knowledge on home purchasing and selling for live in homes.  

I have 2 other properties with fixed 30 year debt on them and both producing good cash flow.My Question: In a nutshell option 2 allows me to put less down, increase cash flow, and reduce interest rate risk.

He also has reduced the time I spend looking for houses by about 80%. without refucing our effectiveness or effeciency significantly. 

So here are my thoughts...I would like to get into a fix and flip business to replace my current job and use the buy and holds to significantly reduce my "retirement age".