Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

Quote from @Maureen McCann: Hi Pauline...Great to meet you here on BP.

New to BP, but local to Jonesboro.

If all else fails, i'd look at the local laws to see what type of escalation is possible and have them take it from there.It's unfortunate for your tenant to be going through this but ultimately the situation seems to be out of your control considering you've already sought out a resolution on their behalf.

I'm sure we could all learn a bit from one another, and make some local connections in the process.

So when I go to a credit union local to me, they dont allow me to do a HELOC because located in different states. so may I please ask if there are any suggestions on what is the best way to pull money out in this situation from the rental home?

My 2 bits.Invest locally, ideally within 30 minutes or somewhere you can drive to within half a day, (Las Cruces, Sierra Bianca or to Tucson or Midland) first.

Personally I would call your local investment guru agent or property manager and see what you can do.

I always recommend attending local meetups where you're getting started.

We are about 50% local and 50% Remote.