Let me know if you have an existing group or interested in forming one in 2025.  

You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

this has caused significant delays with a cash out refi on an existing rental.

We are closing on our first South Bend rental property next week, as our local market opportunities have become non-existant unfortunately.  

Buy a new primary home and rent out your existing home.

Moreover, can you clarify if the complex is already an existing 16-unit or do you intend to build it?   

A cash purchase, added to my portfolio, reduces my levergage ratio on my real estate portfolio, but does not bring it to zero of course as I am not paying off existing low rate mortgages on rentals. 

Used an existing frame down in Belize to build our house down there.  

Keep in mind this will be at a much higher rate than your current 3.2% interest rate, so I'm not sure if paying off the existing loan is a great choice.