If the property can cash flow or has potentials for appreciation, it would be a good idea to do a cash out refinance and move on to the next property. 

The idea is for my sister and I to combine all three properties revenue, risk and maintenance in one LLC and pool the money to buy out the siblings AND keep separate deed/titles to our individual properties to do with as we wish after the 5 year buyout.   

It's also a good idea to open separate checking and savings accounts under the LLC's name for easier bookkeeping and tax filing.

Keep up the fantastic work, and feel free to reach out if you ever want to bounce ideas or discuss potential deals.

I think as the market continues to stabilize, we'll get a better idea of what our appreciation will look like over the next few years. 

And I don't know if investing in Albany is a good Idea.

And the answer is - sorry - it depends.Read this: https://www.biggerpockets.com/forums/51/topics/1075919-five-... 

Forget that idea.

It's definitely not a terrible idea to own real estate outside of a retirement account so you can take advantage of all the tax benefits, especially using the depreciation to reduce your taxable income from a w-2 job.

If the end goal is financial freedom ASAP, trading in the depreciating asset for a cash-flowing appreciating one is a great idea.