Elisha -- strongly recommend you visit the market.

@Jared Appel - luckily we have a very strong investor community here in Chicago and lots of options. 

Hey Stephen,I’d strongly consider doing a cash-out refinance in your situation.

I’m especially interested in spots with strong short-term rental (STR) demand, where the laws are favorable to investors.I have around $250,000 USD to put down as a deposit, and I plan to finance the rest through a mortgage.

It is hard to give up the strong cash flow though. 

So, six figures is a strong possibility given a good economy; 2024 has been a bit slower for the area, however.

., cost segregation studies), carrying forward 2024 losses, and accelerating deductible expenses to reduce taxable income.Shift to Passive Investments: If management has become burdensome, hire a property manager or transition equity into more passive assets like turnkey properties, syndications, or REITs to reduce workload while maintaining income potential.Expand or Reinvest: Use your equity to acquire new cash flow-positive properties in markets with strong fundamentals, focusing on diversification and long-term stability.By refinancing, selling underperformers, or paying down debt, you can improve liquidity and cash flow.

Reno's STR demand has been unexpectedly strong and rewarding.

If you have strong savings and income it's not as big of a deal

Do you have a strong lease that you understand and can enforce?