@Patrick ShepYou should by a property for cash flow or appreciation.

(*Meaning reduction to your tax bracket, which may offset - cash flow).

Indianapolis, where I work, has a strong build-to-rent duplex market that’s perfect for investors looking for a mix of solid cash flow and appreciation.

Remember that it takes a bit of cash to put a down payment, have capital reserves required by lenders, and rehab the property.

Cash Flow: Owning multiple rental properties can generate consistent income.

The 1% rule is important to keep in mind (i.e. how much will this property rent for and will it cash flow whenever you do eventually move out).

If you're doing a 2nd mortgage on your primary residence to get the cash for down payment on the new Quad, then you're looking at needing to qualify with DTI unless you find a lender who is a DSCR lender and not a traditional conventional loan lender.  

Hello,I have a client with an adult family home in Washington State, they are looking to do a cash out refinance.Here is the property info: $570,000 Appraised Value, $2829 Annual Insurance, $3,000 Market Rent, $4,200 Actual Rent, $5,175 Annual Taxes.Borrower has a 720 Fico, and owns 4 other properties, let me know if you can do this.Thanks

Cash flow? 

Generally, reporting companies must provide four pieces of information about each beneficial owner:name;date of birth;address; andthe identifying number and issuer from either a non-expired U.S. driver’s license, a non-expired U.S. passport, or a non-expired identification document issued by a State (including a U.S. territory or possession), local government, or Indian tribe.