From there you can run your ow pro-forma, compare to similar properties, see where there's opportunity to decrease expenses to up the NOI, whatever. 

In your opinion is having a higher net worth or using that equity to make another investment and temporarily decreasing your net worth and being highly leveraged the better move in the current market?

Condo prices showed no releanting either with sales in August totaling 2,618 transactions, marking a 1.1 percent decrease from a year earlier.

You can do this 3 ways - decrease spending, increase income, or both.  4) Set goals and stick to them.

the interest will decrease with time, but by then maybe capex will start kicking in, but first year/max 4000K/year-333$/month.The depreciation, if building is only 50 % - 151$/month, if 20% - 60$/month, with interest total 393-484$/month.Vacancy (10%) 125$/month, and capex 183 $ /month, total 308 $/month, which would leave 85-176 $/month for positive cash flow that isn't taxable,  not a lot and that number only goes down with time.

Please note that the tax increase for some owners is a tax DECREASE for others... this is only a re-evaluation and rebalance of taxing certain neighborhoods more and the others less depending on how they improved (or not) since the last re-evaluation...

Can you decrease your debt or live more cheaply if need be?  

Peace of mind from less debt.Pros for taking out the line of credit: We could capitalize on the SFH's equity (while still keeping it as a cash flowing rental- although the high monthly cash flow would decrease -  and avoid "parking our money" in the home's equity. 

As rents increase I'm sure crime will also decrease. 

One thing supporters of rent control here in Sacrament don’t seem to take into consideration is that rent control might not even work…https://www.mercurynews.com/2017/11/01/bad-news-for-tenants-bay-area-rents-are-still-rising-in-dozens-of-cites-across-the-region/https://sf.curbed.com/2017/11/3/16603900/rent-control-san-francisco-stanford-study-gentrificationQuote of the day: ““We find that six percent decrease in housing supply led to seven percent increase in rental prices.”