I believe there maybe a few different ways to tap the equity in my 1st rental, but my concern is that if I take out the equity for a new purchase, I'll be reducing the cashflow of my business due to the additional debt repayment.

Reduced Market Visibility: Fewer potential buyers, possibly leading to lower offers.

To reduce the cost and risk I brought in a college friend, the deal was I would pay for the training and we would both put in enough money that we could buy 3-4 notes, when / if we made any money I would get paid back for the education piece.  

., the property) against claims which would reduce the value of their collateral.

House hacking (buying a multi-family property and renting out units while living in one) allows you to cover or reduce your living expenses while building equity.

A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants/higher rents & reduced management expenses Tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property.

Using a lower-cost skip tracing service and then a call/mail/sms campaign service separately may reduce your costs.

You can never get the partial claim reduced or forgiven.

It also is Tax free and cannot be closed or reduced once its in your account.

We reduced price as well.The units are still empty and I'm starting to get really tight with mortgage payments and rent (I live in NYC).