You would still get to deduct the interest related to 450 k loan against your rental income. 2) The additional loan that you will take when you take out 750k in equity is what you will have to decide.

By planting these fixed seeds that are and continue to pay dividend, it stabilized my income flows and concurrently allowed me to build up reserves for additional purchases. 

Additionally, baked in the numbers you mentioned like price-to-rent is an assumption about cash flow, but how would you go about analyzing an entire market for cash flow?

I have been trying to market this property on and of for the last 6 months, but now its starting to become a burden as I have to pay on a delinquent water bill that was the result of a busted pipe leak in the basement right before we closed on it, and additionally I have to pay the remainder of the taxes.

In addition, I feel like if I have to pay PMI, I am not ready to purchase another property.

The best thing to do is to speak with a lawyer that specializes in landlord/tenant relations and see if they have any additional suggestions

That in addition with checking the rental history kinda helps find the good tenants.I didn't have any big issues with Sec 8 Tenants there. 

I am new to bigger pockets and currently owe a 3 unit rental property with the intentions to buy additional rental units in the next couple of years. 

Legal Fees $2400 Deposit Required for the mortgage - 20% - $35,000Right now rehab - 22,000Property improvements and correction of deferred maintenance over the next 2 years - additional $24,000 Mortgage payment - 871$ / monthWater - app $200/monthProperty Tax - app. $300/monthGrass/snow - quoted by a local company at $274/month (1800 for snow for the year, 1500 for grass for the year) Insurance - $140/month (got a great rate not cheap insurance) The heat source and hot water is natural gas, New furnaces and water heaters installed in 2015. 

In addition, your holding costs are way too low.Holding costs - Prorated property taxes, Insurance, Utilities, Interest on loans, LandscapingBest of luck!!