Hi everyone,My wife and I own 3 homes (1 Primary and 2 LTRs).

Dahrian, are you looking for a cash out on an investment property or a primary?

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

I still may proceed as it’s my primary residence so the negative equity portion is not my primary goal but it remains a good argument against.

Primary Focus3bd 2 bth single family homes that are destressed, renovate, then rent to section 8 tenants. 

Love the idea of helping out a first time buyer, may run into trouble if she's not the primary resident, check w/ lender but I don't think that'll fly w/o more of a down payment.

Truthfully though, I would do a cash out refinance for a large sum of money on my primary residence to ensure I do get a better rate. 

I am in an interesting situation where I am in need of money to finish renovations on my primary residence.

That’s one of the primary things I was wondering when it came to a property like ours, we’ve taken care of it and of course upgraded things but that’s because we own it.

@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.