You’re asking the right questions, and it’s great to see you thinking strategically.My Take on Your SituationSince you already own a rental and want to expand your portfolio, your main decision points are:1.How to pull equity to fund your next deal2.Whether to transfer your current rental into an LLC3.How to position yourself for long-term growthHere’s how I’d approach it:HELOC vs.

I'll rehab it and have than $50k in it and rent it.

Your time is also worth a lot and if it is a long ways away that makes it harder. 

@Justin Sherman your best bet for cash flow is to go with a STR in the upper part of your house hack.

First step is: 1) Figure out your budget to fix this up to a nice condition. 2) What is it worth based on comparable values in the neighborhood. 3) Is there a worthwhile profit?

Build your database and clients.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

Theoretically all the condos have the amenities, not just yours.

What do I do to get out of it?

This could be a great option for your property as well.I recently met an investor at a networking event who specializes exclusively in pad splits.