If you had it more than a year (in some cases less) you can trade out the property for another and defer cap gains and depreciation. 

But will add that according to their site, they are a San Francisco-based company, but their (incomplete) phone number uses a Los Angeles area code.Also, this blurb looks like it was written by a VA from another country: "Harmony Investments Ltd is one of the most trusted trade finance solution providers in USA"

But every time I call or e-mail brokers and tenant reps, I'm mostly ignored.

Here is the link : https://www.chicago.gov/city/e...If all that fails, you need a zoning variance as this is zoned RS-3. 

Also, I like to preface that whatever your criteria, if you manage the property well and execute to the best of your ability, given enough time everything works.

I had a plan in place and it was about executing it.

@Timothy Hero has a good point, you should look at the benefit of the cash-out funds, as a comparison to ROI where you are now, and where you would be if you did this refi and paid off a property (the +$400/mo or w/e).

It is a tough trade off to spend double today and have to wait so many years for pay back.

Maybe you pay them a bit more for the time it takes to execute, but in the bigger picture, this wont impact your margin all that much.Consider how much $$ you'll lose by de-listing from Airbnb.

Knowing all the steps involved and in which order they are executed.