property is acreage worth about 450k.

Rabbu allows you to select certain amenities, but I don’t believe it says exactly east each is worth.

As long as you have positive cash flow on a rental property, there shouldn't be any fear in pulling out equity. 

Offering a cash-for-keys arrangement (what would be a reasonable amount?

Purchase price: $317,000 Cash invested: $30,000 Short term primary -> long term hold with a 3.25% interest rate.

Condos are another option in that price range but with condo fees can kill your cash flow. 

Purchase price: $250,000 Cash invested: $5,000 This was a property my wife and I purchased to live in while fixing it up with the idea of renting it out.

@Jingwen Dunford It's also common to have the waterfall structure of an operating agreement define any excess cash over the preferred return as return of capital in addition to capital events such as a refi or sale.

I could handle $500-$600 cash to lower the mortgage but I still need to consider this within the financials.

Purchase price: $235,000 Cash invested: $39,000 Bought as a primary residence, once we moved out we have begun renting both sides.