I’m interested in what others have done in regards to extracting equity from a primary residence to fund the purchase of an income property without going cash broke.

There is a large amount of money in blue coller neighborhoods, you just have to know how to extract it :) In my area though, the low income rentals sell a lot quicker than the newer rentals in great neighborhoods.

But, still I cannot shake off my suspicion that this PM teams up with this tenant to extract money from me.

With the corner and access you make the rules.300k is way to low and they can make up for it on the other 23 acres giving you more money.You really need someone on your side.If I were there I would work for you and NOT the developer.They are trying to wear you down and see the lowest you will take.You know the income approach but it helps also to have knowledge from the other side like I do of what the developer will do with the property and how they will most likely extract the most money for themselves.This will help you not hold them hostage but capitalize on their problem.Sounds like an unseasoned developer because they should have known long ago they needed your property to make it work.From an access,architectural,and design standpoint they need your land.

Again, I know someone who used to teach RDPD training and I know plenty of details about the quality of training and the tactics used to extract $$$ from inexperience and naive investors -- if maintaining an overly harsh tone will save even one wannabe investor from throwing away hundreds/thousands/tens-of-thousands of dollars, I'm happy to maintain that tone.

And, for many people, its a form of forced savings that, assuming they don't keep moving and don't extract the cash with refi's or HELOCs, can result in owning a large asset later in life.

I'd guess that you could get 6 months worth of rent payments in a loan secured by that stream.For example, if you collect $1,000 per month in rent, you could get a $6,000 loan.It sounds like you want to extract the "dead" equity and reinvest it for higher return.

And its harder to extract cash flow from $500 because there's just not very much money on the table.

Or sold.Separately, see what, if anything, you can extract from the old PM or the turnkey company.

Landlord would try to extract(deduct) for at least something(keep in mind, there is no damage).mail When asked about the key to the mail box, landlord, who do not live at the place said he is "not going to give a key to tenants(?)