If you qualify for REPS and own rentals, you unlock tons of tax benefits. 

@Jarrod Patterson  Depends on the reason for the temporary need from a local, also you have to screen financials some of these people may not be viable candidates even if they think they are.   

Depending on how expensive their auto insurance is, the Renters Insurance might even be FREE!

@Angel LomeliThere will be many markets that will get suggested here and it will all be the BIG it depends.

As Nathan said, how long it takes to get them out depends if they are month to month or on an annual lease. 

You can live it in and rent other rooms..Or else, if it is investment, then have to go conventional or Non QM depending on your financial situation. 

Alternatively, I could use money I have saved in my Roth 401 K to pay it off, tax free.

But the headache: CPA said need to file tax of the SDIRA ; Lawyer who helped to setup LLC said you need not to file tax when you didn't get cash from SDIRA.Do we need to file tax for SDIRA or not?

Hi everyone,If you own rental property, it's essential to maximize your tax deductions.

Depending on your situation, you could do a conventional cash-out refinance on the rental.