Increasing income, decreasing expenses = increase overall value.

You would then be paying a higher interest rate, but you'd also have a longer loan term (at least 15 years), so your monthly payment should decrease and you would cash-flow even more. 

I recently finished paying off all my debt (except for the condo) and would love to start investing in real state to decrease my housing expenses, create some passive income, and acquire generational wealth.

Frayser's economic demographics has decreased over the years.

Sometimes the seasonal price increase is less than $25k, but the increase by season is usually higher than the decrease incurred by DOM.

If not, then the Nevada Revised Statues (NRS) and Nevada Administrative Codes (NAC) dictates what HOA's can and cannot do. 

So the available HELOC will grow as the principal decreases. 

With all other expenses not changing, your cashflow would decrease to $94K, but your cash on cash return is now 94%!!!

I would not plan to take money out of retirement plans, again to decrease risks. 2.

In value-add properties, improvements have two goals:To improve the unit and the community (positively impact tenants)To increase the bottom line (positively impact the investors)Value-Add ExamplesCommon value-add renovations can include individual unit upgrades, such as:Fresh paintNew cabinetsNew countertopsNew appliancesNew flooringUpgraded fixturesIn addition, adding value to exteriors and shared spaces often helps to increase the sense of community:Fresh paint on building exteriorsNew signageLandscapingDog parksGymsPoolsClubhousePlaygroundsCovered parkingShared spaces (BBQ pit, picnic area, etc.)On top of all that, adding value can also take the form of increasing efficiencies:Green initiatives to decrease utility costsShared cable and internetReducing expenses