The two-family property now has better curb appeal and the rental units are much more desirable, which has helped me increase my rental income.

@Paul Whitney Detroit property values increased over 20% in 2024:https://detroitmi.gov/news/detroit-home-values-increased-ave...https://www.cbsnews.com/detroit/news/detroit-home-prices-amo...https://www.detroitnews.com/story/news/local/detroit-city/20...DM us if you'd like more info...

Cash-Out Refinance – Refinancing one of your properties to pull out $30,000 in cash can be an option, though it may extend your loan term or increase your interest rate. 3.

There are risk so to gloss over those risk for the sake of selling mentorships is concerning. exactly Joe.. 

We were on a very quick timeline and were able to get one quote that didn't seem too bad, but we still were concerned about future resale value.

Long-term, look into refinancing once property values increase to lower your interest rate or pull equity for your next investment.Good luck!

My easiest, no hassle, lowest expense rentals are the ones where the tenants stay 5 + years, do minor maintenance themselves, call me immediately with any issues so I can fix them before they become much more costly, and agree to annual market adjusted rent rate increases.  

Your best option may be to increase the rent to cover the additional expense.

s post and Dave Foster's response cover the options concerning 1031 exchanges.

They will also help you report and track any capital improvements to the property which helps increase the overall cost basis for your straight-line depreciation.I hope this was helpful in some way.