Would appreciate guidance from this group if I am doing anything incorrect here.Regards,Nick

It is really hard to find a good property with this loan, so I need to make this decision by tomorrow. 

So, the decision on which way to go might be made from the get go assuming you intent to invest locally. 

unless you pay $1300/mo in prop taxes on your $65k property that rents for $900/month then I must be reading this incorrectly.

I think the BP calculator does a pretty suffice job with what you need to see in order to make a decision about properties.  

Great if you already own property, not great if you're trying to acquire more, hence my decision to reinvest into the properties I already own as much as possible until the market cools a bit.

Don't make a permanent decision based on (what could be) a temporary problem. 

I am almost regretting the decision to refinance now because it seems that I am stuck here for another year!

All that being said, I'm hesitant due to all the complexities, decisions, and emotions that go into these transactions.I'm in a relatively health market (Atlanta), so I'm confident our house will sell well, but I also don't underestimate the impact a great agent can have on getting the best possible price.Thoughts?

I know a lot of them.. they dont think about the 1% rule  they have been spoiled for the last 10 years on an appreciating Toronto market.. negative cash flow is fine with them.. their decision is based on location and can they allocated a portion of their high income to supplement their out of pocket expenses..Most of them are not so analytical on cash flow analysis like we are