It isn't that easy to pull it out just like any other tax code!

I'm reading between the lines of your original post and for some reason I think there may be an emotional pull to this property.

We had someone get a ticket and pulled the carts for the rentals, probably cost us between 5-10% of total revenue but it was more important for us to keep our carts than not have them for an extended period.$2 mm house or not you will have headaches with carts regardless and in our experience it's just not worth the hassle.my recommendation is work a deal with a local place you can refer them to and get a small referral fee from.

If you are using click lock LVP you won't need to pull your existing cabinets because cabinets do not sit on floating floors.

This was many years ago, but I was pulling in $3900 tax free for Berkeley BAH, and paying $1100/mo in rent, oh and unlike all of my classmates I wasn't going into student loan debt. 

After 2 to 3 years, depending on where interest rates may be then, my partner and I can then look at refi opportunities and at that point, hopefully the property has appreciated somewhat, such that we can then pull out (a. the private loan, b. the downpayment we both put in and c. plus a little bit of capital gains)....

Thank you,Wade keep costs low, we are a construction management new build general contract for 1-3 family and large commercial apartment buildings and you can keep the fee from a GC lower and who has more experience. don't take hiring into account. review who pulled building records. a 4 plex in central TN should be similar pricing to us your build cost wouldn't exceed a build fee of 100k. 

You can consider doing a cash-out refi on one or two properties, but I’d also wait a while before pulling the trigger on that.

As an out of state investor, I made the decision to pull my equity out as construction costs in the area are incredibly high with limited availability right now.I completely agree that luxury rentals would be my prime target for a 1031.

Hi Tony,It sounds like there's a good bit of equity to pull cash out of.