Definitely weigh the pros and cons, and as always, consulting with a real estate attorney or financial advisor may help you navigate this transition smoothly.Hope this helps and best of luck with your continued growth!

I'm getting pretty decent cash flow already and look to continue to build my portfolio here.

Also, I don't have cash right now as it's tied up in the original purchase, rehab and furnishing the place.To continue to move forward with my vision, what creative financing or investing options are out there?

@Mario MoralesInsurance prices - yes they will continue to rise across the nation.

Continue saving until I have enough?

If we are misunderstanding what you are asking happy to continue to dialogue.

We are enjoying the park and the income continues to increase, as we improve the park.

From there, you can either continue to own that, or turn around and rent it for a start to owning investment real estate.  

-Townhome/condominium sales continued to decline, falling 23.0 percent, with the median price up 7.1 percent to $240,990, and the average price rose 10.9 percent to $290,048.

If youre planning on continuously deploying the cash from the equity in the condo, a cashout refi probably makes the most sense.Conventional loans are typically the better deal vs DSCR, but you wont be able to get a Conventional loan if the property is owned by an LLC.