Hello my name is Gary and I'm from Irmo SC. I

I really mean that when I say they almost break even for their time.So fi you want this property you need to start dialing around to see who will fund it.

I'm in the process of fixing that with a re-fi and will definitely fix it when I renew the rental contract.

if the cash flow supports it- why not just re-fi and cash out. 

@Bill F. I

Thinking it might make sense to re-fi the SFR to do that, or potentially have enough cash available for a traditional down payment on the 2nd purchase.My question is: am I missing any potential red flags or considerations in this scenario?  

Holding a property in a LLC is not a bad strategy...but you indicated you want to re-fi.

Ferdinand, filed a lien on the property for unpaid taxes (known as a fi fa or fieri facias) and then sold that lien to an investor for the full amount of taxes owed.  

I have a plan to reach Financial Independence at the age of 35 (I am almost 27), and my goal is to use Real Estate Investing to speed up my trajectory and reach FI earlier.

But if not, is there a reason why you wouldn't just re-fi the condo and cash out the equity?