Could you elaborate on how not having a balance sheet would affect an 18 door SMLLC with no mortgages. 

I’m a full time property manager in my 9 to 5 and manage 138 doors.

@Kyle Carter we manage around 700 doors, with 92 of them being S8.When S8 applicants are properly screened, they can statistically perform a decent amount better than cash-tenants.

So I’m trying to see if I take that equity off the table and re-invest the sale proceeds in another market across more doors where we’ll see better appreciation, OR if we continue keeping it as a rental and work on principal pay down even though the rental price has been coming down and the home is not the easiest to fill because of the above average price for the C- to B neighborhood.Ultimately, my stated goal has been to build appreciation (over cash flow) by acquiring 1-4 doors per year for the next 10 years to allow my wife to retire (or be work optional) by the time she's 50.

Is this needed or even worth to get my foot in the door with landing Multifamily deals? 

You can throw some tenants in there, nobody is going to come there and lock your door.

Some reasonable- a roof and ceiling repair from a major leak... some not so reasonable (they literally made me escrow the cost to add a deadbolt to a door).

I currently manage 36 doors.

Does anyone have recommendations of what I can do or where I can look to get liability insurance? 

Is there any other options anybody else would do or would you just wait 6-12 months to refinance to start on my next venture?