There are different types of loans or you simply wait for a bit and save up more money/increase your income/let the tenants pay down the mortgage.

That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage. 

House hacking can work with an FHA loan, as rental income from other units might help you qualify, but be sure to consult with a lender or mortgage broker to explore flexible options based on your unique situation.Good luck!

Equity from sale can go to the new property AND a DST/TIC tax free as long as I have at least a mortgage/debt of 225k on that new property?

I can't really afford to pay two mortgages.

Our tenants pay $2,700 in rent and the mortgage+fees comes out to $2,360.

If you want me to send you my link tree it will show upcoming events at my mortgage brokerage A and N (we host events with investor groups, and networking events weekly).

So you might as well be a head of the game do the cash out refinance buy the next 1-2 properties and simply refinance the original mortgage as a "rate and term" which carries a lower rate.

That may keep your cashflow the same or even lower it a bit, but you have 4 assets that are appreciating instead of one, 4 mortgages that are getting paid off by the tenant, depreciation and you diversify your risk in 4.Regarding the tax question, you may want to talk to your CPA about that.

.: Hello,Did anyone received post closing audit from mortgage company.