I've considered a cash out REFI, but I don't see the value in paying closing costs and losing 3.75% of my income if I don't have an exact place to put the capital.

Thus we will only lose money on renters who would have paid the full $110 per month.

The reality is people practically never pay more so while you lose flexibility you force paying down loans.

@Brian Burke really clarified this for me a number of years ago on my podcast (How to Lose Money). 

When you fire them, you most likely lose your cleaner, lose your listing and your bookings.

Maybe there is a way to refinance some of our properties into a portfolio loan to pull cash out, but then we could lose the STR licenses from the cities since they usually require the homes to be in a person's name, not a company.  

I was scared to continue in real estate after getting a deal and losing it because I the team and education I had didn't help me. 

When you raise the rents be sure to tell the tenants that the reason for the increased rent is the tax bill so maybe they will vote more often to cut out the city excess crap like the hotels for the homeless. 

Managers should agree to secure prior approval of Owner for all expenditures in excess of a certain dollar amount.

They are quoting me in excess of $3k to replace just the heater components of the unit.