Both approaches can be effective, but they come with different sets of considerations.Turnkey properties are often a safer choice, especially for those just starting out.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

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So I learned the business of Construction through flipping as far as how it should look, fair pricing, the language of contracts, but with Nate I learned the strategic strategy and ready to get started building my portfolio! 

Considering the vacuum in reliable local property management, starting your property management company could indeed be a strategic move.

The choice depends on individual financial goals and 5-10-year goals.

Consult a CPA to align the choice with your retirement goals.This post does not create a CPA-Client relationship.

Toss some mixture in the canister for guests to have choices!

This successful project highlights our teamwork and ability to maximize value through strategic investments and improvements.

Hey, your choice, but you can't tell me the risks are even in the same ballpark.