We actually intended on eventually renting out our current house, so a higher payment would mean lower cash flow in the future from that perspective as well...

I believe these pricier homes receive less mail than lower valued homes, since high value aren't the 'typical' target of investors.

For discharge income: If debt > FMV = there is a debt discharge incomeIf FMV > debt = There is no discharge incomeSo, there might be two taxable gain/income Normal capital rate gain or loss: If basis< deemed sale value (lower of the FMV or debt - as mentioned above)- there is a capital rate gain.

Because of the lower offer, I plan to have a very short option period.

Basically return on capital. usually much lower then if you do the value add yourself. 

All 2BR/1BA, lower income rentals at ~$575

We just switched carriers for our entire portfolio and went with realprotect.com- Julia Johnson.Cheaper premiums, lower deductibles, and full replacement coverage compared to what we had before.

my lender and my agent both said it might not appraise for 365k but a bit lower.

It you plan to use it for a down payment on another property, though, I would probably go refi first to lock in the lower rates and HEL last, if at all.

@Lance YangProperty taxes can be lower for those that live in the house than those that rent it.