The problem is of course that we have always reinvested a large portion of our cash flow into systematically improving our assets, so I show a substantial % for repairs and maintenance on our P&L.

Possible buy doubles to sell on terms for additional cash-flow.

Not only the cash flow, but the unexpected appreciation.

Now, with borrowing at 6% +, the equity investments just don’t seem to make sense.More telling, perhaps, is that my usual sources of deal flow have not been able to come up with those one off GREAT deals we used to get once or thrice a year.  

Definitely a lot of considerations to discuss.

This means that if I access the HELOC, I'll need to settle the $130k lien, leaving approximately $114k available in the HELOC.My question is whether it would be wise to proceed with the HELOC now and invest the remaining amount into another multifamily property that generates cash flow, helping to cover the loans.

It is worth consideration in making your property pet friendly, so that you can capitalize on the reality of pets and charge extra for them, as well as possibly make your home more marketable on the various hosting platforms.  

In terms of giving away equity; I am not sure if this is too far down the road, but getting long term debt on the property is a consideration as an exit.

. $4800 cash flow is projected when the final 2 units are rented.

I enjoy the idea of buy and hold while cash flowing the most.