Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?

Selling and move on.  

I am at an inflection point where I need to decide if I should try to sell or rent it due to possibly moving for a job change. 

When you are ready to move forward, I'd be happy to help you look at a deal.Jeff

Again I am not buying any more rentals (i'm making more in the stock market without moving a finger).

Forward to 2023, the tenant is unfortunately moving out.  

Qualified applicants that get priced out of rapidly improving neighborhoods will move into these areas but it seems like they aren’t biting.High quality, lower income applicants aren’t stupid and they won’t settle.If you think this area is a losing proposition, I would think about selling and not banking on hope.In regard to vacancy, I don’t consider any area that has average occupancy (economic and physical) below 95%You might pay more for a better area but time will treat you right and you’ll make a ton of money in equity over the long term.

If they Accept, you move to Step 2. 

Instead of focusing on move-in-ready rentals, consider fixing up a cheaper property (BRRRR method) to add value and boost cash flow.

Hi @Jose Mejia,Some things to keep in mind when moving forward with your cash-out refi are as follows:1.