If you have an opportunity presented, and your equity can earn more money in that deal, then I would roll it over.

And certainly not worth the risk that you're sending your hard-earned money into a Ponzi scheme. 

It is expensive but money is not cheap at all nowadays and as others mentioned even getting a LOC against a rental property is a huge score as not many lenders are lending on that product.Question I have is what are you using the $ for and can you earn it back? 

It has 5 bedrooms and earns 5K per month, but the owner is asking for 360 K. 

What is the best and most cost efficient program to earn a real estate license in Texas?

The IRS does not consider your stock earnings to be ordinary income, they are capital gains.

It has an accounting section where you can log expenses and earnings

Would I self-manage this deal to earn $500 a month allowing me to own this property in 15, 20 or 30 years?

Depreciation will continue to provide tax savings for years to come, of course.Appreciation isn't cash earnings, of course, until the property is sold, but it does factor into the overall wealth building opportunity in real estate investing.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.