Also, keep in mind, that your rental income and expenses do not include principal paid on mortgages.I think that for you more meaningful result would be: net rental loss + depreciation taken for the year - principal payments on the mortgage (interest portion should've already been included in net loss).

I want to make sure that I don't fall victim to analysis paralysis and so I have decided to reach out, speak up and get active on the forums - to learn and also, hopefully in time, contribute in a meaningful way. 

Both of my current properties currently cash-flow zero on the 17 year term so there is room to extract equity.

I could take on this project (actually sounds like a fun one), but I have no idea how you would estimate the property values and rent sufficiently for the analysis to be meaningful. 

Before I bring my client to a deal I ask ( Are you going to try and push the market with multiple rounds of bidding and extract every basis point out of this property  OR Are you looking to sell right away to one buyer for a reasonable purchase price and terms?)

There are so many moving parts and every deal is so different that if you’re not constantly learning, being open to creating meaningful human connections, and willing to persevere through a lot of rejection and challenges, then it is very hard to succeed in this business.

Plan to extract the $100k in equity for your new house, then ignore personal residences.Look for a portfolio loan in the amount that DSCR is about 1.25 or even 1.3.

I'm also curious to learn more about raw land investing, and of course, am entirely open to the experience of others and will likely change/modify this initial shell of a plan as I learn more and gain more experience.My goal with real estate, on a broad scope, is to build wealth via passive income in order to enable a lifestyle in which my wife and I can make traditional work optional and use our time to engage in meaningful projects and endeavors to help others in need around the world.Thank you again for building such an impressive community!

Hello,I have a single family rental located in Connecticut that I would like to refinance to extract equity.

My last real estate transaction the attorney showed up at the closing to pick up his check, I don't recall him doing anything meaningful with the transaction at all.