Also, make sure you completely understand what the umbrella coverage is providing excess coverage for/over. 

On the umbrella, the question for you is: Am I OK with losing all that I have if I am sued? 

You could lose 20% of your money.

You lose time and will probably win in small claims if you have your ducks in a row… then you have to collect.

hello alli researched the cos seg issue. i think its too much of a hype. basically it all comes down to accelerated depreciation. eventually you will pay it back as time progresses or when you sell the building. however, the cost seg report is not a cheap one do to. so net - you lose over the long run.

My prediction: you lose this deal over what you're thinking.

I am not very smart here but it appears that you will be paying 14k out of pocket for the priviledge of losing $330 a month in the best possible scenario.

First It is fraud second if you lose your tenants and can’t make the payments you may lose your primary residence.

If you sell with an agent you are going to lose 60-70k.

Is the worst case scenario that you cannot refi and have to hold for an extra period, or is it that you are borrowing the funds and lose money because you are out 50k for the rehab/refi?