Being proactive ensures you’re always a step ahead, minimizing risks and keeping your business running smoothly.Example: Imagine you implement an outdated tenant screening policy that inadvertently violates a new anti-discrimination law.

You must have the intent to hold the relinquished property and the replacement property for rental, investment or business use. 

Your equity can provide the funds to make those improvements happen, increasing your home’s value and making it more enjoyable to live in too.Getting a Business GoingIf you’ve been dreaming about starting your own business, your equity could be the kickstart you need.

That’s how the wealthy do it with real estate or businesses.

And personal downsizing is always good for business!

Am I giving myself another job/business?

I run a full time flipping business, right now i am able to do 2 homes at a time.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

I remember studying your business model early on through your posts and early podcast episodes.

RE is really a small business and the number 1 reason that small business's fail is lack of proper capitalization..