Whether it be cleaning their properties or doing manual labor.

Hey @Yair Zarmon, so I agree that you might just take the hit.Even if you feel you are ready to rock and roll, your level of urgency creates a situation that is less than optimal.

It probably is still worth it if you can raise rents, reposition the property, improve the efficiencies of the property and optimize debt when the time is right. 

I’d highly recommend speaking with a CPA who understands both states’ tax laws to optimize your structure.If you need any local insights on property management or investment strategies in Oregon, feel free to reach out.

If you request weekend work , be prepared to pay more for the labor . 

Whether it be cleaning their properties or doing manual labor.

@James Landsford and he's only doing this for 15k labor?

Also, you'll want to look at value add opportunities with utility optimization, either a reno project to pass utilities on to tenants or some kind of billing system.

Versus with the cash out refinance you start paying on the debt from day one and haven't found your new investment yet...That'll just eat away at your positive cash flow way too early.Also, try to optimize your operations in the asset you're leveraging the equity on as much as possible before pulling the trigger.

We just converted a 6 story hotel deal we are working on in Columbus Ohio from concrete and steel to cross laminated timber and it saved 60% on the framing labor and material.