@Jeff Shaver There is no specific statutory time frame before you can do a cash out refi after completing a 1031 exchange.

@William Bohan, Yeah, being a CA resident you'll have to do a 1031 exchange or your tax will approach 40%. 

Or if you are going to start a thread at least contribute your take or insight right up front and ask for input.

There are multiple ways to utilize equity without paying taxes, such as cash-out refinances, HELOCs, and 1031 exchanges, making appreciation a powerful wealth-building tool.Many people lump all of California into one bucket, but it’s a massive state with many distinct markets.

Yeah exactly, I use funded accounts so Im not risking my own money on my day trading income and have one of the best traders in the industry that is mentoring me who has made millions and millions but yeah that is a primary factor why I want to get into real-estate is the more long-term aspect and the slightly more passive side to the income ( obviously not negating work but when compared to a job income ) Thanks for your insight and the warning on day trading is 100% valid and most people lose money especially people trading with their own money.

Are you aware of the 1031 Exchange and how it works?

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Might it be smarter to offer a slightly lower monthly rent in exchange for a tenant who feels more content.

I appreciate the insight that you and John offered regarding the lack of value in the business itself and strictly the land + improvements.

People newer than you can get a lot of insight from that.