The choice depends on their priorities simplicity now or long-term tax advantages.

I guess it depends on your risk tolerance and your ability to find a better deal than the one you already have with the equity you are pulling out.

Just depends on your experience level and the network you have.

It can do better or worse depending where you are, but these are some general ideas of what you can get out of it.

Depending on the cash flow for the property, you are looking at up to 75% of the appraised value. 

Being from Phila, I can tell you that this can be a great or horrible market to invest in - all depends on LOCATION!

There is no average cost, because it depends on what you're starting with.

Again, these fees are charged and paid to the lender to complete and fund the mortgage.Third partyclosing costs include title company fees - including the actual title policy, escrow or closing fee, tax certification, and other title fees; governmental charges – including recording charges, intangible, and transfer taxes (depending on your state).

Depending on where you are looking, inventory for 1-4 units can be a challenge as a lot of the NW suburbs are all single family homes unless you are further NW like Rockford or Elgin or something like that. 

@Saurabh Kukreja it all depends on what your goals are.