It was a cash cow.

There are a couple of companies out there that will let you do a cash out refinance with no income!

Is a second mortgage (heloc) or cash out refinance a better idea?

So depending on if you are using it personally and want to have it pay for itself or you just want cash flow will help determine where you should look and what type/size home you want to consider.Please reach out anytime and let me know if I can be of help.

Fun fact: cash flow is taxable, while equity appreciation is not.

If you have 1-4 unit residential that's already cash flowing I would go DSCR if you have a ratio of 1 or more.

One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.  

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

What does a cash positive investment mean to you? 

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient.