Under contract on a portfolio of 6 properties/14 long term rental units.

I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?

I manage 400 rentals and have never, ever paid a tenant to leave in 15 years.It may be too late for you to do the right thing.

I don't particularly want to sell my share of this property as it has appreciated quite a bit since we've initially invested and I'm hoping I can eventually get him moved out to turn it into a full-time rental property.

Our rental market is extremely tight with little availability which is driving rents higher.

It is possible that you could take the deduction for your rental as a separate investment activity. 

Condo HOAs can also set restrictions on number of rentals  - many of them don't allow any AirBnbs etc.

If you can find a house or duplex where rental income covers a significant portion of the mortgage, it could help you build equity while minimizing your living expenses.I'd recommend looking into first-time homebuyer programs in your area, and as always, make sure the numbers work for you.

I would definitely say this is house hacking, as you are purchasing and living in a home with the intent of making it a rental.

Pittsburgh is a popular market for house hacking and multifamily investing due to its affordability, strong rental demand, and diverse urban and suburban neighborhoods.