Tapping into that equity through a HELOC or cash-out refinance and reinvesting in higher-performing assets could improve their ROI significantly.

Finally from a purely from a cash outlay prospective short term, you could rent a house with roommates and your payment would still probably be Lower than house hacking because rates are so high, over the long period 5-10 years obviously it would cheaper ti buy, hope that makes sense 

Purchase price: $840,000 Cash invested: $75,000 Sale price: $1,200,000 Full renovation of all 4 units.

But he learned a lot and he can ring the cash register.  

Is a second mortgage (heloc) or cash out refinance a better idea?

We host a lot of networking events and other groups as well such as the multi family club and the cash flow group.

I wouldn't consider buying real estate if I didn't have $160K cash in hand.

Is it still not recommended to invest in this negative cash flow property. 

Purchase price: $540,000 Cash invested: $108,000 Sale price: $540,000 My client bought a condo in Lincoln park.

They give the benefit of instant liquidity and being able to sell them when you need the cash.