That is an entire property in some cheap markets.2) will the rent after the high LTV refi to extract the value add at least break even.  

Umbrellas are pretty cheap, so I would not try to avoid them.2) This is also a decent option, but I've seen people do 1 house per LLC which seems ridiculous.3) This 1% thing is unlikely to have the benefit you hoped. 

Some times in a slow market and we need to attract tenant to sign a lease, we throw in some of these items because the cost of individual items is less than we lowering the rent by even $50 a month ($600 a year).

REI Game Changers is a beginner program that relies on cheap spray and pray list marketing.

Most of these are fairly cheap education. 

REI Game Changers is a beginner program that relies on cheap spray and pray list marketing.

Maybe it's not THIS property, but cashing out is a great way to throw a bunch of money away by giving it back to the feds.

It is expensive but money is not cheap at all nowadays and as others mentioned even getting a LOC against a rental property is a huge score as not many lenders are lending on that product.Question I have is what are you using the $ for and can you earn it back? 

If you believe that I have a bridge in Brooklyn for sale cheap. 

I also suspect the seller's friend rented the other unit because the rent is cheap and the landlord is a pushover.I would look at this entire situation carefully.