Particularly I am looking at some 6-plex and 8-plex units in my target market.

Im not expert but Ive took out a heloc and dragged on going on my advise and it suckedHi @Mario Morales, There are 2 things I would pay attention to in the scenario you describe. (1) Most cash out loans are limited to 75% -80% LTV meaning you wouldn't be able to get all of your cash back out. (2) The interest rates I see in the market are closer than what you've listed.

However, I made the decision when interest rate was lower and there was support for an appreciating real estate market.

@Shane Regnier I've flipped a bunch of houses in Ocala but have yet to dabble in the rental market. 

Good market or not so much thx 

If I were you, then I would get the pieces ready, but seek off market/on market projects that make sense for you.

Seasoned investors focus on:- Data-Driven Acquisition Strategies: Leveraging AI and predictive analytics, along with specialized data sources, allows you to identify distressed properties before they hit the market.

It possible that the market will stay low for a long time.

Quote from @Mark Simpson: Interesting use case for ChatGPT Operator:I asked it to do a market analysis and compare a random Airbnb listing to others in the area.

So, the actual increase to market rent will be much lower.