I would obviously look to first get those apartments rented then increase rent to other apartments as the area grows.

The $100K withdrawal would be added to your current income and you would be taxed on the total in the higher tax bracket. 

In my particular situation, I could lose 58% of my income and I would still be able to service my total expenses.

I background check the property they are selling and it is totally in different owner. 

Obviously that was funded 100% lender had nothing to lose . those two deals alone are equal to what most make in a dozen or so deals.

I'm located in Central Washington (Wenatchee Area) and I have a Cash Out Refinance scenario that I need a solution to and i'm hoping you all can enlighten me on some ideas or referrals.We have 2 properties (1 - Four-plex, & 1 - Duplex) with 2 loans that we would like to consolidate into 1 loan on the 4plex with the duplex then owned free and clear to make available to open a LOC for future investing opportunities as they arise.We owe 158 on the 4-plex and 91 on the duplex for a total of 249kthe initial appraisal came back at 300k for the 4-plex but it's very low for our local market.

I would describe them as cumbersome, expensive and typically totally unnecessary. 

I told myself ahead of time that whatever the inspection report comes back with, I had up to 5k in total to spend on the house.

I have always had 80-90% of my total net worth invested in real estate and the rest liquid as a cash reserve besides maxing out my IRA, SEP IRA or Solo 401k for tax purposes.

This is totally false.