Leveraging WLI as a place to store excess cash, generating better returns/dividends than a savings account, AND taking a loan out for ANOTHER investment vehicle WHILE retaining your accounts interest/dividends seems like an advantageous setup for someone with the capital and discipline to do so.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Owners should write a narrative about deals/assets for insurance providers.2-3% rent growth is always appropriate.Rents are flattening.Buyers are focusing on untrended rents.Getting the pig through the snake, as an analogy for getting through current excess rental inventory absorption to get to a gap that will exist in a couple of years.

Even if the blended rate is higher than a cashout refi in the beginning, you can pay down the principal on the 2nd with your excess income while keeping the 1st mortgage in place as is.

This is my only rental property.I'm contemplating selling the property and taking my profit for a few reasons, but one most of all.I would say my property is in average, a bit above average condition, but certain things are a bit dry or dated, no central A/C for example.

Properties take longer to rent, rent stagnates or deflates, credit dries up, banks tighter on loan rules, credit cards decrease credit lines, your credit score drops because instead of 30% utilization you overnight go to 50-80-100% when they drop your credit line, hard money dries up for flips, stock market goes down and you don't want to take losses or can't use margin.   

I believe that Hem Fir is what they make the kiln dried stuff out of (at Home Depot).

Here in the smokies, people did great last year doing this…so far this year i think it has dried up very quickly. 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.