The downside is that 10% of the people do 90% of the work to maintain the community.  

With a free and clear rental property and a solid equity position, you're well-positioned to leverage that equity effectively.Evaluating Your OptionsCash-Out Refinance:Given that you want to maintain a conservative leverage ratio of 50%, pulling out $110,000 from your property makes sense.

We truly believe in fostering community and providing affordable housing while maintaining a high standard of ethical management and resident well-being.We are definitely looking into growth opportunities for our properties here in Norfolk, but we’re taking a careful and steady approach to ensure we can continue delivering quality for our residents.

Michael Gallagherpretty knowledgable about columbus OH, and bicycles, cyclingMost excited to have uninterrupted time to really focus on what's important.If I could make a connection with someone that's successfully working with investors at scale, while maintaining quality.Most looking forward to the Flipping pannel

Offer incentives for repeat partnerships to maintain a steady deal flow.

Identifying those opportunities can lead to solid investments.Demand for Affordable Housing: The points you made about the demand for older, well-maintained properties in desirable locations are crucial.

I don’t think you have to worry about any expenses maintaining it because it’s on your land.

Invest in stocks for now and focus your energy on building a business (on the side).

Glitches do come up and as we continue to grow our portfolio it will eventually become too cumbersome to maintain.

However, it’s important to maintain enough liquidity for unexpected repairs, vacancies, or other expenses across your existing portfolio.If I were in your shoes, I would likely lean towards reinvesting in a way that balances both cash flow and appreciation.