Plus, you get a little extra cash out of it after the REFI that you can use to expand the portfolio in a slower fashion or enjoy with your family for now.

Even if deferred payments are an option, make sure to have extra funds to cover any unexpected costs or delays in the project that result in more/longer holding costs (deferred payment may not covered, as mentioned earlier).

I pay the same rate as and owner occupant, just have to pay the extra $250 fee.As for you other comment, that was not my experience.

And I can't really sell at the moment because I don't have anywhere else to go.For the record, I don't want a HELOC because that's not guaranteed money if the bank decides to pull/reduce the line.Lastly, is there any truth (benefit) to having a higher mortgage payment on a rental and thus less profit to report, which equates to better tax treatment, or is it that just nonsense?

I tried to tag you because I've already gone through your article, so I figure you'd have some extra info on this.I am trying tax delinquent for the first time but given what I have seen, I definitive need to find a different source.

That being said, a little extra digging can go a long way.  

To be extra sure, Shannon had excellent advice, you might want to verify that this debt was really cleared up in 2010 and that it won't come back to haunt you later.

Plenty of people do invest out of the area, but I think that adds an extra element of risk into the equation.

Often the extra 5-10k you put into higher end finishes/repairs will pay you back 2-3 fold in only a few years.

On another note if there is mold on drywall, i believe it is best to put in the extra effort and remove it.