I'd say the question is better suited for your financial advisor, who can determine the best use of the money.

The mortgage terms might be a little better if the buyer got the big sexy national tenant with 17 years left on a NNN lease, but that's not our scenario. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical. 

Refi is better option I think

Getting your financing options in place before you find a deal is always a better route to take. 

If you're looking for better cash flow, first off you will definitely want to get something that you can add value to and up the rents. 

It is much better to add a reserve fund to it monthly.

I would love to connect with wholesalers in these markets.Thanks, Tanner You are better off going to auction to find a distressed single family IMO...

But it's tough work and doesn't always pay off.I personally think the big profit is in new development or a project.So, I'm wondering: Is starting something new a better bet? 

Zillow is "fine" at best, but we all know there is a level of fudge in that.Maybe multi-family properties can diversify your portfolio and potentially offer better cash flow?

While the ride might be bumpy at first, there is no better way to understand the nuances of investing than just jumping in.