If you were able to pull out $500,000 in existing equity out of a paid off rental and disperse those funds to acquire 2, 4-unit MFR properties and had the income to support any future CapEx and the interest payments on your HELOC ( including the extra income to paydown the loan ) would there be any " gaps " or problems I'm missing in this situation where it would be a bad enough idea to not go through with acquiring more properties through a HELOC on 1 of 5 properties you own?

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Many of us will gladly share our contacts - helping you AND that allows us to provide value to our contractors by referring them extra business.

He ended up having to pay back all the extra money to the tenants AND pay back all the money S8 paid for rent since the beginning of their tenancy. 

@Christine Aledam LLC doesn't give any extra tax benefit for now.

buy a mult with 3% down and live in 1 unit and have the other 1 or 2 units pay the bills. rinse and repeat. get wealthy and be extra generous.

We have bought beds/dressers for the extra bedrooms and a dining set from Wayfair, they look nice but are pretty cheaply made.

For that extra psychological safety of handling a that multi-M upscale luxury property transaction maybe worth it, but that's not your market. 

Does any one have any experience with this being the case. 15 people seems a bit extra for 3 bedroom condo. 

I'll be honest with you all, sometimes I dream of selling it all and just having 2-5 paid-off houses, enjoying the extra monthly cashflow and just enjoying life.Maybe one day I'll act on that dream and deleverage the way Dave teaches.