I was trying to calculate my rental properties’ performance. I live in main floor and tenant in downstairs legal suite. Mainfloor is 1800 sqft, suite 600 sqft. 2 persons up and 1 tenant downstairs. We pay utilities. Total costs including mortgage, insurance, tax and utilities is about $3000...

I am trying to pull some cash from my residence home to fund the down payment of my 2nd rental property. I was recommended to refinanicing my residence (due to renew in May 2018 with 2.5% variable rate) and put a fix portion of mortgage (get downpayment from this portion) and a HELOC, then use...