If you’re paying off less than $800/mo on your loan id say sell come April selling season.

I have a house that free and clear and I'm trying to tap in the equity can any one help 

Consider starting small by house hacking a single-family home, renting out rooms, or adding an ADU if possible.

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

The typical term of this loan is 12 months and rates range from 10%-12%.

Mostly from a home equity line of credit.

In July 2022 my wife and I bought a larger home to be our primary, and we have since rented out the condo. - Despite 3 tenants in under 3 years, it has done very well for us and has only been "vacant" for 15 days in that period, and has great cash flow, ~$1000/mo due to ~50% equity in the property, and a low covid-era interest rate. - I have been saving ALL of my cashflow into its own account to accumulate to buy the next rental (totaling ~$24,000).

Not once has one member ever said the LLC saved them when insurance wouldn’t have. 

Rarely is the pursuit worthwhile unless there's insurance money available or assets that can be converted to cash.  

Taxes have to be paid, so does insurance, what about maintenance?