I am still unclear about everything I read on the tax benefits for getting the cash out refi, and would like to understand that better2.

What are the benefits of SUB 2 financing a property?

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

While OZ investments offer significant tax benefits, assess property risks and long-term potential beyond the tax savings.This post does not create a CPA-Client relationship.

I'm so glad you found the post helpful.To answer your question, yes, certain types of homes and markets definitely tend to benefit more from full-service staging.

In addition, when you have leverage you have the other benefits which @Ali Boone mention.

Use tax benefits like depreciation, repair deductions, and tax-free refinance proceeds to offset income, and consider an LLC for liability protection.

If they get married it will help her earn SS benefits, etc etc. 

The benefit to these is you get your foot into the door without a ton of capital and as time goes you can move out and cashflow on the property.