Talk to agents in your area that sell a lot of investment properties.

Your QI will own the property you are buying and you have to have bought the property before you sell the downleg.

Compare these with potential financing alternatives, like a DSCR loan or other commercial products.Exit Strategy: What’s your long-term plan—hold for cash flow, refinance, or sell?

If the prop 13 benefit vanished tomorrow, I would analyze whether I should sell.  

Moving out of a state with income tax to a state without before selling, saving 10% or more in taxes. 

It's a great way to buy and sell. 

Sell it now if you are smart.

A buddy has a 5 unit building he needs to sell at 475k.

Most lenders sell their loans out.Nobody wants a loan where the asset is underwater every month.The real question is, why is a property worth over $1M only producing $4,000/mo.You should consider raising rents as this seems significantly below market.

Just be mindful to keep relationships with your tenants strong.I’m curious... if you had to pick just one route right now..sell, refinance, or optimize..where do you think you’d lean, and why?