If I was in your shoes, I'd probably use a rough DCF with a discount rate over 20% to get yourself into the ball park of what to offer.

If I were in your shoes, I would move the equity into good, solid rental properties in an area that has stronger economics.

I think if a tenant were to have multiple bags of groceries in their vehicle and need to take it up to the kitchen they probably wouldn't be taking off their shoes in between grabbing bags of groceries or just say they are in a hurry and forgot something inside need to run back inside, they won't be taking off their shoes. 

If I were in your shoes, I would pull as much money as makes sense (make sure you still cash flow) out of deal 1.

But so is the cost of gas, milk, tennis shoes, and real estate.

What would you do if you were in my shoes?

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Hi All,
Can you please take at my plan of action, I would to know if it makes sense, if you would do something different? My goal is get of the Peru market, and invest back to USA, I would to replace my income with ...

I'm in the same shoes with potentially not taking all the money back out during cash out refi, but it will beat a 20% down payment on a turnkey property by far! 

Generally people leave their shoes in that area or at least wipe them off.