This option is flexible and suitable for ongoing expenses or projects where the total cost is uncertain.Tax Breaks on Cash-Out RefinanceInterest Deductibility: The interest on a cash-out refinance can be tax-deductible if you use the cash for substantial home improvements.

-Properties need work to be rent ready: I am finding that on average, properties need 10K-15K to be rent ready.

Any outstanding bills come from the deposit. if the expenses exceed the deposit, then after sending an invoice to the tenant if the tenant doesn't send the money, it is going to be up to you to get the money....and you are unlikely to see it. 

Those that are average or above average are the desirable places to live.3.

Do I have to just accept that and now own a property that doesn’t cash flow because the average rent prices went down?

Things rapidly went south when she couldn't understand why I needed to have income / expenses reported independently for each unit though.

This current property I'm trying to purchase has 6 beds, will be perfect for another residential independent senior living property after I've moved out and should bring in about 36k monthly before expenses.

This strategy allows investors to generate rental income that can cover their living expenses, allowing them to save money and build wealth.

Utah is expensive. 

I would add the trip as an additional expense going to the cleaner, since it takes time.