It’s a move that worked out exceptionally well, especially in a growing market like Phoenix.Here’s how you could approach it:Unlocking Equity:A HELOC is great for flexibility, while a cash-out refinance might be better if you’re aiming to make multiple acquisitions quickly.

I'd love to hear if you decided to move forward, if so how it's gone for you, and if not what held you back?

If so and the monthly payment isn't too bad then you're still moving the needle forward if your main goal is wealth generation and not just cash flow. 

He recommended we do some work to move the outflow from nearby downspouts further away and then clean/reseal the interior wall.

Another option is to split the cost based on the number of occupants in each unit but this also means you'll need to adjust the charges as tenants move in/out, so it requires more work and I wouldn't recommend it.

I now inform all prospective buyers ahead of time that I will send my painter in as a 1 time courtesy once they complete their move-in to touch up hallways.

I just moved to Michigan and I am looking to get another property-could be a single family rental or multi family, duplex , or anything for cash flow.

But a tenant may, so the insurer provides coverage for a rental that you wouldn't have in an owner-occupied home.If a tenant starts a fire => As per my lease the tenant has to get liability insurance for $500k before moving in.

If I choose the rental, then all income generated will be taxable income moving forward, because none will be off-set by the interest I could deduct.  

Roseville is solid, as there are a lot of bay area residents moving there.