The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

Use tax benefits like depreciation, repair deductions, and tax-free refinance proceeds to offset income, and consider an LLC for liability protection.

Overall, the tax benefits and appreciation alone keep me interested in staying with it more than the cash flow itself. 

My network of cpas, attorneys and investors are telling me it’s still worth it because of appreciation and tax benefits.

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

With real estate investing, you have the tax benefit and depreciation along with what is hopefully an apreciating  asset.

It will familiarize you with the basic terminology and benefits.

There are plenty of STR-savvy CPAs who can help you navigate the rules, maximize tax benefits, and make sure everything is done right.

I just do not understand the need to add "benefits" to the programs  that are just not real. 

Benefit of waiting is lower mortgage payments and lower debt.