Purchase price: $990,000 Cash invested: $350,000 Purchased this home with my former partner back in 2018 and we put 200k down.

You're netting $5k/mo and have no cash available and you're working a civil engineering job?

If I bought a 55+ house for her now I would most likely pay cash for it.

If you don't intend to do that right away then do the 20% and save the extra cash flow.

With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.

Obviously cash flow would be wonderful, but not necessarily needed.

What you use is what you have to pay back.Cash-Out Refinance Cash-out refinance this gives you cash from the equity you have built up in your home.

If you have cash, you could pay off the underlying loan2.

Possibly some questions to ask yourself: How much higher is the cash flow in Akron?

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.