Hello Armando,I would evaluate my equity position and see if there was additional equity I could pull out of one of my rental properties.I would shoot for the Fix to Rent Strategy, I feel like it doesn't take a lot of effort to find a 70% or less property in the current market. 

The people paying you $10,000 per month to rent your property are doing so because they need or want the use of the property, not because you’re a “people” person.4.

I am beginning by real estate journey with purchasing my first multi-family home to rent out to section 8. 

This all depends on the loan factors like Credit score, LTV, DSCR ratio (rents vs the PITI payment), and loan size.Good news rates are down but the other positive news is they are trending down and that means you can pull cash out now and then simply refinance in 12 months or more to lower the rate.

I would like to increase my cashflow by about $5000 extra a month.

I have a single family home that we rehabbed and rented out in 2023.

- A "reasonable" rent increase should have already been done!

Rockford, IL. 61103Rehab needed$1,200 rent per unitReach out here or through Zillow if interested https://www.zillow.com/homedetails/1231-N-Main-St-Rockford-I...

@Tina Kapur  I just tried rent prep.

Will you be renting this property our after you purchase it?