How to turn equity into cashflow.

[Hardy Davis]

Howdy BP community. I had my first house hack go very well in a class A neighborhood. Since then I’ve moved out rented it out and working on a live and flip for  my second property (sf) so I can have a house of my own with my girlfriend and make some more capital from it. I have about $500k in stocks and about $600k in equity in my single family house that I rent out. I’m very grateful and lucky my investments have built so much equity and capital but I would like to move it into monthly cashflow so I can work away from a w-2. My area (Anacortes Wa) doesn’t seem like a good market for multi family. What are the next steps you all would recommend to transfer equity into monthly income. Also if you can be specific for finance options. My guess is to 1031 into an 8 unit. Thanks for all the help and guidance.