But if possible I’d keep that $250 in the business for as long as possible, so that when major expenses pop up you don’t have to pull from … savings :)  eventually, the good months will add up and you can extract some profit / income to build savings personally, but initially I recommend adding to the business’s savings. 

We're leaning towards extracting some of that capital for immediate use in our deal flow. 

We can extract the most equity potentially at the top of our property's price to buy our first investment, with money to create our reserve for another purchase (if prices go down), repairs, rehab, and expenses. 

More sophisticated can use the equity in volume portfolio loans (similar to a refi of multiple properties at the same time but more based on the properties than the borrower).The cash flow is taxed, the extracted equity from appreciation can be taxed deferred (i.e. you may need to pay the tax later, but currently there is 1031s to exchange into and step up at death so possibly the extracted money will never be taxed). 

Your best current option to extract equity out of your investment property is to explore a HELOC as a 2nd lien on the property.

Ultimately, we are leaning towards a sale to extract the equity and invest in two properties outside of Denver. 

It is common for investment properties to be refinanced in less than 5 years to extract equity. 

This implies on long term holds, San Diego historically has produced far superior cash flow compared to the Ohio market (or at least until value is extracted via a refinance).Property 13: This is an under appreciated benefit for long term holds. 

We typically do BRRRR, but seldom can extract all of our cash out just based on the value add. 

Our BRRRRs all have infinite return due to investment being $0 (all investment extracted).