But there are people who do because they either had some wealth handed down or have other sources of income and REI was less of a business and more of a hobby.

@Jose Alejandro Hernandez I frequently work with investors in your same situation, their home markets just don't offer any great options, comparatively.

There are definitely options here.

That means in this case renters have more options and will not only consider price as an important factor.

After expenses, it will be cash flowing 1k/month.My thought of doing a 1031 exchange seems like an option..trade in a 170k house for a few 250k homes and increase my portfolio by 600k.

@Hunter PurnellIf you're open to other options you could offload a handful of your properties, apply for a high cash value whole life policy, max fund it and then do a couple things:1.

You have to consider everything coming in, and everything coming out, then you can fairly compare the two options.

Most but not all lenders give you the option of getting the current, market interest rate if rates drop after you lock.

Working with brokers can be a great option.

There are several attractive fixed rate second position cash out options, many with online processes and no appraisal requirements (smaller balances and low LTV's) and fully underwritten options offering up to $500k+ cash out at Prime rate plus 1-2-3% depending on the properties type.