If I get the situation correctly, youre wanting to exit retirement and pull cash out of your home to use to flip a property in FL to generate income to live off of.

My goal is to rent it out to start generating some cash flow.I’m planning to remodel the kitchen soon, and once that’s done, I’d like to move out to make the apartment available for renters.

The truth is, they will keep playing games and milk you for every penny they can, then they will leave the house a mess and cost more with cleaning, repairs, and vacancy.

The combination of generating extra green cash with a biz and then investing in real estate for long term weath is the way to do it.

Still trying to get through some sales to generate cash.

Stainless steel appliances, cleaning service every other week and I am johnny on the spot with repairs.As a result my vacancies are not that bad even with a model designed to be somewhat transitory. 

The additional cash you have due to leverage put into more hard assets and the cash flow generated put into fixed income/equities after reserves.

Since Covid this is just the way of the world with STR/MTRs, it can require more cleaning and cause damage but if you want to complete it is a necessity. 

With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.

Selling and exploring a 1031 exchange could make sense if you can find a deal with stronger cash flow or faster equity growth, but the key is comparing your current return to what your skill and experience could generate in another investment.Here to help,Jorge