So, you would want to have a plan ideally BEFORE you buy the property if pulling cash out is part of the long term plan. 

Aloha Lilianna,The best time to buy a real estate for the long haul is always when others are selling left and right or during crisis.

Really depends on what is most important 1) the equity 2) the timeframe, or 3) the rate/terms. 

You can generally deduct real estate classes and memberships as business expenses without an LLC, as long as they relate to your investment activities.

I think you may be mixing up some terms. 

I think you can invest out-of-state quite passively without using one of these companies as long as you develop a solid core-4. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

How can investors build strong relationships with PMLs for long-term success in fix and flip projects?

I would also consult with a certified cost segregation specialist in terms of classifying other assets into their appropriate class lives.

It would be a long term hold before you could get your money back.