My original purchase price was $530k and my current loan amount is $100k.I am looking to do a cash out refinance and increase my loan amount to $152k.

Does the building need major capex in the next 5 years, if so you should increase your capex.

How are you going to pay for the rehab costs and generally there are always unforseen problems that will increase your cost basis.I've written a few lease options and the only one that actually closed in the one year the house I sold appreciated about $100k which all went to the buyer.

Shoot me the address in a PM and I'll run the comps on it.The good news is that Plymouth County as a whole has seen an 11.1% increase in prices over the last year. 

I live in a fairly expensive area and my all in budget on a month to month basis is around 2000 a month.The quickest way to increase your savings is to increase your pay and decrease your spending.

The original lease states that upon renewal, that rents will increase by 2%.Do we need to draft an entirely new lease agreement upon the renewal, or can we define the new terms using an addendum to the original lease ?

My wife and I were making HH income of $160-190k in an average COL market (variable based on my bonus and her self-employment income which has increased from 45k to 60k over her first two years and is on track for at least 60k again in 2018. 

If it is not and misrepresented or information accidentally omitted then the carrier can deny claims, adjust the policy premium for increased risk, or terminate the policy all together.    

I would not convert basement into a 5th Bedroom unless it adds a significant increase to income. 

Besides attending to the myriad of questions, requests, and issues with tenants and the property, a good PM will provide liability protection with legal knowledge, asset protection with a tight lease, and increased ROI with simply smart management.