Thanks Jeremy, I have a roof inspection scheduled for tomorrow.The interior is a little funky with the split level design, but I have found that it works pretty well in another one of my properties so I am not too scared off by it.  

your business will have it's own tax return depending on how you structure it and you'll get a partner return either profit or loss and that will pass through to you typically if you are an LP. if you are GP it's a little different. you also get the depreciation of the asset as a tax write off as well as interest expense typically. 

Hey Jonathan,First off, just wanted to congratulate you on achieving over 1M in equity, that's huge!

., pay off their existing loan, closing costs, and/ or put some cash in their pocket, etc)There are 2 "legs" of the transaction.

The sellers interest is the interest and transactional convenience, when a lender is involved there are costs associated that can often be rolled back into the loan provided the loan to value (LTV) based off the appraisal is sufficient. - Higher rates.

so for all the ones that just get their cash and support their entourage there are others who use it to create more wealth and become very well off.. 

It's a website that wholesalers use to dump their off-market properties.

I would say the average property revenue is off 20 percent from 2023.

With this in mind, should I do a cash out refi on the property in order to buy another property now or should I try to pay it off quicker and add equity, or do nothing at all?

I have been trying to gather as much information as possible and make sure that I don't make any costly mistakes right off the bat.