The decision about the cash out refi all depends on the different terms from the lenders.

I created the following decision tree diagram to illustrate the decision process (click to enlarge).The above decision process is based on the property’s performance record, with the goal of achieving financial freedom in mind.Financial freedom is not just replacing your current income.

I think they will help me make informed decisions.

What information I should be analyzing to help me make a decision on where I should start.  

That means making calculated numbers based decisions, not emotional ones.

It’s things like that which make this decision more than just a legal one-it’s about how organized you can be.Something else to consider: lenders often want you to personally guarantee loans, even if the property is in an LLC.

When money clouds decisions, ethics are often the first casualty.

Best of luck with your decision!

@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.

.: Hello all,I’m looking for some advice on a real estate decision.