A cash-out refi could allow you to set aside some funds as a reserve or at least pay down your debts so that your lines of credit (credit cards etc) can act as your emergency reserve when more bad things happen. 

Most agents have  a few transactions with their sphere before running out of business.

Another student rental that has a mortage of 900k me and my wife live here on a private floor. thrid property is also another rental ( duplex w a mortage of 390k ) was fully rented but tenant upstairs has moved out a year ago so I decided to renovated to do short term rental added in 2 ensuite rooms.

It’s really amazing to see you getting started in real estate at such a young age and Out-of-state multifamily investments are a great way to begin. 

Plus the mortgage company probably calls the loan, and if you can't pay it off then you can lose the property.

And of course, take advantage of the tax benefits along side my current business income.Viability of the idea?

Are you currently investing in your hometown or are you looking at out of state markets?

Go to your favorite search engine (e.g. google.com) and type in "North Carolina 10 day notice" and you will get a ton of responses.

Downsizing a one factory town.I would expect if FedGov downsizes, a lot of the corresponding periphery businesses/consulting firms, etc shut down.There has also been talk of such things like FBI moving out of Washington, I think some of that has already been the trend, but may accelerate. 

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.