Clearly seen by the example I've just outlined we allow for a significant amount of upside/equity for our clients. 

Cash Out RefinancePros: Extra 5% mentioned above, somewhat more liquid, its 'mine' if the housing market does crash, keeping slight bit more leverage                    Cons: current inflation, 'higher' mortgage payment, closing costs each time cashing out. Line

I would appreciate any advice on next moves for us- i will outline a few details down below.1031 $ ~ 125kOwn 3 other properties NOT all together (not able to be sold for this project)Goal- 400k of gross rental income yearly long termUnderstand residential model, have looked in to short term rental model.Ultimately were going to use margin from this deal to spring us in to short term rental game.I genuinely appreciate all responses thank you! 

If so, typically in the operating agreement it outlines how all members of the LLC are expected to perform.

Outline to them the process, they pay rent until move out and key return.

An appraisal is the only thing you should ever pay for before you close the loan.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan with title company, typically chosen by the seller 6) Begin work and make draws on any repair balance.

An appraisal is the only thing you should ever pay for before you close the loan.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan with title company, typically chosen by the seller 6) Begin work and make draws on any repair balance.

An appraisal is the only thing you should ever pay for before you close the loan.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan with title company, typically chosen by the seller 6) Begin work and make draws on any repair balance.

You hear them because they are outliners. 

With that being said here's the outline plan:1.