If I get the situation correctly, youre wanting to exit retirement and pull cash out of your home to use to flip a property in FL to generate income to live off of.

. - if I use my cash, the investment needs to generate > 5%.

My goal is to rent it out to start generating some cash flow.I’m planning to remodel the kitchen soon, and once that’s done, I’d like to move out to make the apartment available for renters.

Still trying to get through some sales to generate cash.

The combination of generating extra green cash with a biz and then investing in real estate for long term weath is the way to do it.

With 4 rentable rooms (including the basement), I expect to generate $3,600/month with full occupancy.

The additional cash you have due to leverage put into more hard assets and the cash flow generated put into fixed income/equities after reserves.

With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.

Selling and exploring a 1031 exchange could make sense if you can find a deal with stronger cash flow or faster equity growth, but the key is comparing your current return to what your skill and experience could generate in another investment.Here to help,Jorge

The report is as good as the answers you provide to their questions.The risk is that you answer a question incorrectly which generates an incorrect report.I would have a discussion with your CPA to determine what the land basis is(required to start the cost segregation).I would also have your home inspection / appraisal on hand to answer the questions more thoroughly.