I would rent it out and then do a cashout refinance based on the new rental income, DSCR loan.

Spray a wall then roll afterwards. 

Then you transfer your existing IRA funds (except Roth money) into the checking account associated with your trust.

I also would consider the opportunity cost - could you invest that cash in a different investment at a higher yield than 7% - say an income fund, a note partial, or something similar, and then use the distributions from that investment to make principal payments on the mortgage?

My plan is to move out in two years after I qualify for the possible capital gain tax exclusion so then I can either decide to keep it for 3 additional years (or maybe longer, and forgo the exclusion)and move the home into a LLC.

Then why do you have a 10% management fee?

If you hired someone uninsured, then of course that falls on you.

If your rental is well priced, in the right location, and you are proactive and responsive, then they will want to stay with you as long as they can.

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

Association president is a family friend so we hope to get clear information on all things association before taking any steps.