Some municipalities post a ton of data online which you can sort and extract for mailings.

If Christopher pulls money from a HELoC on his primary residence - or even from an equity LoC on another rental - not only would he be putting money {that has been previously paid to acquire the asset from which it is being extracted} down, but he would be paying interest on that money ... so it would be more expensive than using cash-on-hand.

That is my plan, but although they know our current net worth, I don't let my kids plan on this - I tell them my plan is to extract value from every dollar of our net worth, party to death and die with exactly zero net worth!

If an investor is new the financing could take 6 to 7 months in some cases.I have had some companies tell me they would sell off market but wanted 4.5 caps and full value was extracted.

Extract yourself as cheaply as possible because you aren't going to get that money back.Don't beat yourself up over it, we've all had the tenant who didn't pay on time and we let slide a little.

People are far more interested in the value and extracting what they can.

Without extracting equity out, these markets would have cash flow far in excess of the cheap markets that initially had better cash flow but historically have rent increases that may not even keep up with inflation.In general, when property appreciates the rents increase. 

Sure, you might be able to extract more value from a condo conversion, but on the flip side you are taking a significant risk, as not you have to think about and cater to the buyer, which is very different then the clients you are current catering to.Just my 2 cents.

I would def say sell for another property and extract the entirety of your equity if the ROI on this property is going to drop below your target number and you can do better elsewhere. 

If you have the capital to buy and conduct rehabs on somewhat distressed properties with deferred maintenance and sub-market rents then there is a lot of upside potential to making improvements and raising rents/extracting equity to move on to the next.