It is one of the best markets to get into right now (i might be a little bias).

I understand your point and realize I've been trying to make certain rental properties work when the market conditions aren't right.

I almost never post anything on BiggerPockets, so I appreciate you steering me in the right direction.

@Sara Acord I think you're on the right track!

We have $100k cash right now and we're trying to figure out if it's worth it to put the cash we have into refinancing Property 2 based on income generated, decreased value, etc.

Right now, we are stuck on setting up our LLC/Structure in order to work towards this strategy and want to be sure we do so the correct way before getting started.

I believe that if I become my own GC this property would have to be my homestead for a year and I actually wanted to sell it right away. 

and my real estate is actually fairly liquid, if i listed at the right price (which I don't intend to, since I plan to hold forever, but if I did) i could sell fairly quickly. 

This doesn't somehow mean that they are going to stop paying the notes after 12/31/2024, right...?

This would be the beginning of the brrrr method and I would have 3 rentals right away.My questions are 1. is it better to start an LLC for RE and transfer my existing property into the LLC?