Any input or opinions are appreciated and I'll do my best to respond to comments! 

I used a heloc to purchase the first 4 rentals, so $155k of dept is wrapped up In  that until I refinance each property which have already appreciated extremely quickly given the current market. 

Since you’re focused on buy & hold multiplexes, consider networking with local investors, refining your underwriting skills, and researching markets with strong cash flow and appreciation potential.

Another idea is if you have had big appreciation runup, look at people who bought in 2021. 

If anyone can advise or give insight on both greatly appreciated 

It's in great location that I'm confident will continue to appreciate.

What's your recommendation for appreciating neighborhoods in Birmingham?

This house is in a great area that is growing and has experienced solid appreciation.

However, corporate conversions can still trigger taxes, especially if the properties have appreciated significantly.Corporate Spin-Offs (If Eligible) – A Section 355 tax-free spin-off could separate real estate holdings into multiple entities owned by different investors.

Would love to connect with you, much appreciated!