Looking to refi based on the value after rehab based on rental income/cashflow (expecting it to be around $200-210k value) Aiming for $150k loan for paying off current mortgage and covering remodel/rehab costs on my propertyIs this doable without a significant down payment?

Plus taxes and insurance of $20000+ X 10 years= $200000You will need a $1,010,000 loan at 77% loan to value of $1,300,000 to pay them in full.You will need a FICO of 720 and $27000 monthly income assuming you don't have credit cards or car loans... assuming Jumbo loans are qualified similar to how it works today.

My wife retired a few years ago due to our strong RE cashflow.

Buying a SFH to live in with no generation of rental income is NOT an investment but a lifestyle choice.  

Do you report any income on a schedule C?

She has a retirement income.I am considering partnering with her on a home, that could be rented out to play off a mortgage of about 200k, but we would both have to be listed on the mortgage.

And in year 2 there was $40K distributed from income.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

I just passed my 60th birthday and have entered "Reinvention" (definitely not retirement).

I got a house and have been house-hacking with Air BnB, now is the time that I'm looking for doing the taxes with my W-2 and the Air BnB income, does anyone have any recommendations on an accountant in the upstate South Carolina area that is familiar with doing taxes for real estate investments (ideally specifically short term rental).