I'm a Navy public affairs officer, so I move every couple years, but I'm currently in Germantown, TN (near Memphis), and I've been interested in RE my entire life.

Most likely.

Based on that number of units I would expect much higher figures - did you buy these buildings all/mostly cash?

Hi Garrett, Doing a cash-out refi to pay off your current mortgage and turn it into a rental could work, especially with Atlanta’s strong rental market.

I would only do it if it was an absolute no brainer of a deal as if it goes south then you not only hurt yourself on that deal but also the property that you took the heloc out of.This also depends as if your current LTV is 30% and want to go to 50% is different than going from 50% to 80%.

So I say selling is most likely your best course but regardless, to grow your portfolio stop doing 15yr terms. 

Like I said, most of these authors/investors talk about going bigger sooner.

And of course, if your actual cash value is less than the current mortgage(s) on the property, all of the cash value payment will go to the lenders. 

This is typically for most people not a DIY project. 

Ask to speak with some of their current owners and current/former tenants.