I would agree with this - its probably too soon / not economical to do a cash-out refinance at this point - options for freeing up equity would probably be best served via HELOC or something to that effect

If you are building for usage by friends, family, yourself the return is not the primary intent and they serve the intended purpose. 

I think sometimes DIY landlords would be better served with having a property manager.

Start with the end in mind and building your investing to serve your life. 

He was sentenced in 2021, which means he probably served time and hasn't been out that long.

But I do genuinely see Jerrylls heart and his spirit of giving and have chose to look past that to work w/ him to see we can grow together, serve more people, and do it in a way that we'll all be proud of in 20 years. 

I don't mean bravado or machismo.When I say ego I mean is identifying with concepts, behaviors and ideologies that don't serve you and your goals.

This has served us well for decades because floating rate debt allows us to escape yield maintenance risk, but the tradeoff is we must accept interest rate risk (I wrote an entire article on interest rate risk vs. yield maintenance risk so I won't rehash here). 

To be clear, it is ok to say "this would hurt my pocket and I dislike it because I am self serving."

A lot of the advice on this thread is a bunch of self-serving nonsense from people who own 10 less properties than you.