@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.

A cash-out refinance or home equity line of credit (HELOC) can be powerful tools to keep your momentum going.Focus on Stability:Look for investments in areas with strong job markets, population growth, and consistent rental demand.

In the middle of nowhere.And instead of a composting toilet, think about digging a hole (deep) and putting a couple of 55 gallon drums (with leach line if needed).

I own the property free and clear and i use the equity as part of my business line of credit.

That was my house and I would find a way or someone to help get it across the finish line.

As a savings of a few thousand dollars on furniture, could determine if your occupancy rate is 65% versus 70%...If the revenue is $50,000/yr that's $2,500 in one year (which could be the breakeven for that specific line-item expense).To determine you total breakeven point occupancy rate, and not just related to the furniture, take your operating expenses plus your debt service and divide it by your effective gross income.

I wouldn't necessarily advise selling unless you have another investment lined up that you can 1031 into.

We see too many posters turn angry when they don’t receive the answer they want…….Here’s my bottom line.  

It may also make it easier for your estate planning attorney to line up ownership with your estate plan, assuming a CA-estate plan if a CA resident.

Plus is 4% even in line with market cap rates?