Quote from @Angus Brooks: Hey All-  I own a small apartment complex in a two entity LLC and am wondering what the tax implications are for a cash out refinance. 

It's also easier to handle dips in census similarly to dealing with rental vacancy if you have one rental property compared to a larger apartment building.My wife loves the operations but we have steadily been working her out of the day-to-day stuff. 

I am currently selling a 16-unit apartment complex, the first one to sell since 1998 when this buyer bought this one!

They do everything from apartments to mixed-use to self-storage.

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.

Backstory - we have an apartment complex that had a $339k loss on paper last year (I'm a 40% partner).

If you want to hone in on the luxury Nigerian theme, you’ll want to incorporate more boho pieces that use natural materials like rattan, etc.I hope this helps you find a starting point for your refresh!

From there, I would like to consider a 1031 exchange in the future to acquire more units.My current property management company suggested that they could handle a mid sized apartment building but I would absolutely not consider them for it as I believe they have overextended themselves and communication is lacking.

Apartment buildings, assisted living facilities, self storage, restaurants... 

Clean, brightly lit, clutter-free, modern luxury.