Transcribing transactions from bank statements, posting transactions to the correct accounts, and then manually creating an income statement, statement of owner's equity and a balance sheet is a fairly time consuming process and I have not been able to keep up with the book keeping between my regular work responsibilities.What accounting software do people recommend? 

These are two ways you could solidify your equity.

I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!

No sense in paying 9% interest by using equity unless you have to do so.  

When pulling the credit report one of the individuals has a high debt to equity ratio (50 %) My fear is what if this High DTI and credit usuage could result in one of the parties defaulting on future rent.

that's awesome @Tieirra Singleton I love those areas for real estate investing - there is so much potential for cash flow + equity build up.

We believe the best way to do this is:To ensure sustained occupancy, positive tenant reviews are crucial.

This is why what Stuart mentioned about the positioning of Real Estate is so important and why you and everyone have heard the phrase: "Location, location, location" 

I moved to miami and it's tough to do here columbus land is cheap. lower than lenders even require our buyers have to come up with additional equity just to close the loan. not sure austin's economics but happy to look at a case study with you to see if it's feasible 

I’m looking to pull equity from a property, but I have a great interest rate that I don’t want to lose.