The taxes are killer though, you're going to lose probably like 30% of your paycheck.

With 3 properties already, you're definitely not "new" anymore ;-) Doing a refi is very possible (depending on how much equity you've accumulated) to do those types of things...the issue can be the tax ramification that you face if/when you do it.

.- Taxes are usually much lower the first year. 

Finding good deals is nearly impossible with the prices, tenant laws, and taxes working against us.Since you’re considering the Midwest, I’d definitely suggest keeping Detroit on your radar.

@Isadore NelsonAre you responsible for any transfer taxes upon sale?

However, if you're running your numbers then you'll want to make sure that you're including all the interested paid for the money borrowed from your HELOC as well as the carrying costs including utilities, insurance and property taxes.

While this is less tax efficient, it would be less work / less stress.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I have an agent sending me properties and I have ran the numbers on dozens of properties, but the crazy high taxes and insurance have killed every deal I've analyzed.  

Hi Marcus,A Qualified Intermediary cannot provide tax or legal advice otherwise they may be considered an agent of the taxpayer.