If you do so - 100% of the cash converted is taxable.

With rates in constant flux, you might have opportunities to lock in lower ones.

A smaller mortgage means lower overhead, which is crucial if you’re worried about vacancies.

There are so many options for LVP now, from lower priced to higher.

A little lower ARV is also ok.I like to use Hocker Title.

A smaller valuation would mean less out of pocket to buy out your siblings and lower taxes, but it would also mean the lot rent is a much higher % of valuation.I can almost guarantee you can find properties in Grand Rapids that cashflow because I've found them all over the Midwest. 

Have you lowered the price at all?

Alternatively, if I can find a lower cost single fam home where I can cash out 100% of my investment I would do that but those have been harder to find recently. 

Examine the bottom half from every angle - how much you can make, what else you can get for your money (don't worry about how much you make on these, they are time suck and the lower half of your portfolio)That's a good place to start.

My mark up is always lower than the direct lender because I don't spend money advertising during the Super Bowl or buying a private jet for my CEO, and we don't have layers of management we need to pay.