"And this is not even to mention the fact that if I hire a GC, a lot of what he will do is just sub out much of the work, in which case I'm basically paying him a "finders fee" for a sub that for all I know I could have found a better/cheaper one myself"......If you think that GC's make all of their profit by "accumulating" a list of sub-contractors and sitting at the coffee shop doing nothing you're so far over your head you're looking up at the Marianis Trench......

You might get cash flow from your rentals without increasing your taxes, but you will not decrease them.Look at your rentals as long-term wealth accumulation, not a tax shelter.

Then right around RMD (Required Minimum Distribution) time use the monies I've accumulated and turn the annuity into lifetime income for my wife and I as a strong supplement of income.

@Huimin ZhangHey Huimin, if your investing goal is to accumulate cash flow, then OOS will provide much higher (or in other words, infinitely higher) returns than your current situation.

Perhaps the terminology is a bit different since a  Line of Credit has a very specific meaning especially the way the interest is treated (accumulated.)There might be other options to accomplish the same outcome As mentioned, a Cash Out Refi will generally allow up to 80% of the equity.

My goal is to generate cashflow and accumulate more properties.Need some advice comparing these two investment opportunities and some opinions:Duplex: https://www.zillow.com/homedetails/2214-Thompson-D...Quadplex:https://www.zillow.com/homedetails/903-Windwood-Dr...Opinions?   

Live for free, cash accumulation, keep a close eye on the property, etc.

Because these are cheaper, you can accumulate these a bit more readily.Newer B to B+ to A- houses don't have as strong a rent-to-value ratio, but they often have fewer things go wrong over time, stay rented steadily, and have fewer tenant drama issues. 

I am in school busting my balls accumulating thousands of dollars worth of debt just to get out of school and have my debt be more than what I will accumulate annually.

I accumulated around 10 portfolio loans with them in a period of 3 years....and then they cut me off.