This can be a compromise if not aligned with long-term vision.

This is a risk item.  

@Marcus GonzalezMy recommendation would be to start investing at a more basic level.

I am looking to build a house in lake county. pls let me know if there are builders whom I can reach out to?

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

I really appreciate your insight. 

This is a great job on this.

Appreciate the insight.

This is probably something you should just add to the rent for your next tenant.  

My passion for real estate has been a lifelong journey, and I’m thrilled to channel that enthusiasm into helping others find their perfect home.When I’m not busy with real estate, you can find me skydive diving, hitting the gym, capturing moments through photography, or enjoying long walks and runs with my dog, Chip.