@Rajesh Kasturi My favorite MTR market for cash flow AND appreciation is Portland, OR. 

Sounds like a cash out refinance would be the best way to tap into that equity. 

Purchase price: $932,500 Cash invested: $450,000 20-unit building converting from LTR to fully furnished MTR/STR.

How do you intend to cash flow with such a low downpayment?

For example, two of my goals are to achieve a certain percentage for my IRR (internal rate of return), and a certain % for my cash on cash return. 

The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

Purchase price: $600,000 Cash invested: $30,000 Purchased single family home, finished basement making the property a duplex.

Thanks to COVID, for a couple of years, you can actually make enough money to be cash flow positive even if you hire a property manager AND have mortgage payments. 

Purchase price: $98,500 Cash invested: $15,000 owner financed on duplex, bought from a friend of the family. hopefully many more to comeHey @Jeffrey Eschbach, welcome to the BP Forum!

Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.