Hey guys, I own a 4 unit that I plan on doing a cash out refi on.

Would love to hear your plans. 

I know I can get an insurance plan, but is it worth the headache?

I think holding is a great long term plan.

When i press on the cracked areas, it does not appear soft or wet.I plan to fix it, but I worry it may reappear in months.

Share a clear business plan with numbers showing expected purchase, rehab costs, ARV, and rental income.

A 1031 exchange does not apply to primary residences.If you plan to use the proceeds to buy land for a business, consider whether the land qualifies as an Opportunity Zone investment.

@Jerry Zigounakisi'd pick a market close to you, or one you have strong ties in, rather than trying to get to one via math.can you invest where you live, or 1-2 hours from where you live, or where you like to vacation, or where you went to college, or where you plan to move someday?

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses). 

I've heard lots of things about turnkey properties and could definitely use some clarification to see where it might fit into my plan.