My goal is either to lower my interest rate which will help lower my mortgage payment which helps in increasing my monthly profits or pulling equity to make improvements to the rental and invest in other investment properties.

This would increase my monthly cash flow immensely.

I would try to assess this guys knowledge and experience more...is he the mentor you are seeking ?  

As rent increases with inflation, the rest of your numbers will follow.If buying a condo, thoroughly review the financials and make sure reserve account balances are in line with the most recent reserve study.  

Consider, Cost to turn the unit, cost to advertise, down time, and chance next tenant would be any better than this one.I think your late rent issue a few times is small compared to what you could end up with.M2M and let her ride. do rent increase in Spring so your chance of turn will come at better time for you.

It doesnt mean they are making money, what is does mean though is property prices are increasing because of it.

If it is in there then I believe they can request the lease be terminated NOTE: I AM NOT A LAWYER AND YOU MAY WANT TO SEEK ONE.Your best bet would be to call the President and let him know that look, I screwed up and I apologize that I did not do this, but can we get the lease approved. 

Looking for some help from all the engineers, bankers, economists, mathematicians or other quant people that might be out there. I've been looking for solid real estate related data sets online. I'm looking to do some...

I am looking for a realtor that specializes in finding distressed, flip worthy properties in the following areas of North Houston; Conroe, Montgomery, Tomball, The Woodlands and Spring. I'll let you know up front that...

Demand for multifamily housing is forecast to remain high, as Millennial household formation continues and Boomers seek to downsize and re-enter the rental market.