My friends who rent, have only a tiny fraction of what I have.I don't think the OP is talking about owning rental properties, but owning home (to live) vs renting (to live). 

I'm in the same boat as the OP; have a rental that now has significant equity.

Gotcha..I agree with you, all good points and something the OP should consider. 

I live in OP and invest in KCMO, Grandview, Belton, etc.  

I have flipped and owned rentals in Central OP.   

I am also responding under the assumption that the OP is giving cashflow after reserves for PM, vacancy, repairs/maintenance, and capex.

A very reputable flooring contractor refuses to install LVP under kitchen cabinets due to expansion (they actually don’t like LVP because it is so unstable)Additionally they recommend never installing it in bathrooms because, although waterproof itself, it can allow water to pass through the joints and cause issues with the subfloorIf the cabinetry is pedestal based, then you would lay the pedestals on the subfloor and lay your finish floor.The OP was using Ikea cabinets.  

There is no indication in the OP that any of those steps were taken. 

My response to the OP though does say that I'd allow it under the conditions I listed.

🪙 Installing a coin op washer/dryer set up in a basement/common area if applicable.🚙 Renting out extra parking spots/garage bays if applicable.There are many ways to be able to increase your net operating income in your properties, try to monetize any extra space that you have 😁!