@Chris LinIf you were to include Equity growth (from appreciation and mortgage pay-down) what sort of returns would you have? 

One has no mortgage, their other has a HELOC for around $20k remaining and is coming to its 10year term that was established before placing with LLC.My predicament is how/best way to pull equity out of either property for a down payment for the 3 family that is valued around $450k.

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

So are you saying the Mortgage One deal would be the way to go? 

The mortgage and property taxes use up most of the income from rent.Don't focus on the number of rentals, focus on the quality of the rental. 

Best of luck 👍🏻 @Justin This is almost perfect advice but you do need 3.5% down with an FHA mortgage.

I've been working on him to get his mortgage license as a I plan on adding IL very soon.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

Have $500K mortgage.

There will always be people with money who want a second home in Colorado who are fine as long as their mortgage is covered.