However, I feel I need to be more comfortable with the refinancing strategy before I pull the trigger.

We strive to provide safe, clean, affordable, comfortable and quiet housing for responsible renters in the neighborhoods of West Vancouver.

Does it have a dining room?

I own a number of SFR rentals in the Antelope Valley and all of them are cash flowing and appreciating well.Wether it's a good idea to sell your primary residence, or to rent it, depends  on wether you are comfortable with the cash flow from renting it, and the cash flow would be $545 ($1,850 minus $1,305) minus property taxes, and minus insurance, which cash flow could end up being around $285.If you sell it right now, your gain is $161,000 ($306,500 minus $145,000) minus $18,390 realtor commissions ($306,500 times 6%) minus $24,150 capital gains taxes ($161,000 times 15%) minus $6,000 closing costs, which totals $112,460, and minus the loan balance.

So I'm looking for a minimum 12%-15% ROI, and bare minimum $300 cash flow (although I'm way more comfortable with at least $400-$500). 

Some of the improvements are tangible personal property that gets depreciated over 5 years (or 7 years for some property) and some will be considered residential rental property if they are structural components, necessary for the general maintenance and operation of the building or necessary for human comfort.

She stated she would not be comfortable managing the prop.  

Track all properties income and expenses you are responsible in report form with people you feel comfortable with and understand your goals and all of you might reduce some of your expenses and increase your income.Do not assume anything.  

For what its worth, commercial lenders are used to, and would likely expect, a LLC owning the property and obtaining the loan, as opposed to personally.Although I am on the legal side and not the bank credit analysis side of deals, I can say that the underlying premise of obtaining the loan is the bank getting comfortable with multiple avenues of repayment.

I just set up some keyword alerts and will keep adding to it as I get more comfortable with the site and my knowledge level increases.