I would say cash out and buy more properties...you don't have enough volume with 2 properties to get the max benefits out of being buy and hold...for me I have calculated once I hit 20 doors my return outstrip my costs and the amount of work I put in...you have to figure out what that number is for you but I know that for investors I know in my area who are below 20 - 30 doors, they struggle with burnout, capex, not being able to hire staff, take a vacation...plus rates are so good right now (I remember the 90's when rates were 9%-12% ouch)

I just emailed my UW and a couple of AE's ( Account Executives ) that work for a bank I do business with.  

Given the likelihood that executive action is very likely before 2017 to stop global cooling/warming/climate change/disruption, I don't see wage inflation causing much of an issue for the next two years.  

  :) My total expenses with mortgage, insurance, property tax, repair reserve, and the 10% reserve I put in for management, even though my staff manages my properties, will be around $800/mo. 

No one doing the SDIRA lending thing has time/money for a full time compliance expert on "staff" for their individual one-off retirement plan to monitor the payments on three mortgages...

I toured their properties and neighborhoods, and learned about their culture, met most of their staff, and interviewed with key personal.

In that case, you should have internal staff for the bookkeeping.

Not only are they acting as a principle but most states have license exemptions for administrative staff of property owners.

Yes, this gets more involved, but making an investor a member can be a big plus avoiding lending issues and having to file liens when accounting practices can govern capital contributions to a specific deal.The Series LLC is not available in all states, there are advantages as to liability inside the entity and between partners, but it can also have other issues requiring all members execute notes, assignments and contingent liabilities when the interests of others are significant to the LLC, a member's cell may be able to conduct its own business and that member may be required to be subsidized in some cases.Don't forget in the replacement of members to include the refusal to act in a given time period from notice, it's a real pain when the guy just won't act but isn't dead or incapacitated. 

This made it easier when the housing market went down because the properties were in good locations so they were still very desirable rentals with quality tenants.You may also want to check out parts of Vacaville where UCD students, faculty, and staff live.You probably know this, but there is an investor group called Bay Area Wreath Builders (BAWB) in Marin.