I have a very good friend who has been pushing me to get into Real Estate inventing for years.

It would be a tight budget but I do have money set aside for repairs.

Quote from @Gregory Schwartz: I have 2 very close friends who grew well beyond 2 rentals with this strategy. 

That property looks fantastic actually, I think sorting out the budget would be our biggest challenge.

I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.  

Thank you,Jerry Jerry, I recommend getting in touch with an experienced broker who can educate you on all the possible options in the investment space for cash-out refinances.

@Nicole ShoafYou are correct and have equity locked up in those units, a good lender can give you options on HELOCs or other loan products that could help get some equity out without selling.

If you have the budget for repairs if you rent it out, definitely rent it out!

Eliminate debt, establish a budget, and save.

Is the option government supplied insurance where taxes supplement the insurance?