So simple math... what are you all in costs to refinance? 

After doing some quick math on the property, I see that the property is cash flowing for you only because you bought it for cash.  

The short math would be it should cash flow around $1000 mo. now, and would drop to $500/mo. after the conversion. 

I've done my best to learn the math and the basics, but the only real way to learn this is probably to read, read, read, then ultimately just dive in a make the same mistakes that everyone else made the first time in.

Penciled all of this out so if some of the math looks off you, feel free to ask!

Any wood stoves or secondary heating units.

(I understand the basic math, but could use some help in things like ballparking reno costs.

Will possibly change the secondary market for a month or so.

Is my math right on this?

I didn't do the math myself, but I wouldn't be surprised if it's closer to 2k/mo with a loan balance of 230k +/-.