If you want to keep the property but reinvest the accumulated equity, that could be a wise choice.Ultimately, the decision to use a 1031 exchange or refinance and take out equity depends on your individual circumstances and investment goals.1031 Exchange 45-Day Identification Period ConsiderationThe identification period for the replacement property is 45 days.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

I outlined in my lease that the tenant agreed to allow me to show the property if necessary to rent the unit out. 

squatters are in for a rude awaking .I posted about what Las Vegas has allowed to happen to squatters  IE using private security to boot them out military style.

I do not allow anyone to live in my rentals unless they are on a written lease. 

JWB only allows their approved lenders.

This happened with vacation rentals in Colorado Springs and in Littleton (just south of Denver) where the cities allowed non-owner Airbnb and then disallowed it.

Positive landlord references No evictions Cash available for security deposit and first month’s rentNo Pets allowedSublease and sharing, airbnb not allowed,Reusable tenant screening not allowedEvidence of responsible character … i.e. reference letters, follows instructions, no lying, shows up on time, no major criminal record.

There is already a work in progress that the VA lending guidelines will need to be changed to allow for a buyers sales commission to be paid out of seller concessions. 

This will then allow the wholesaler a percentage of the monthly rent and equity to begin more wealth building.Let me know if you have deals for us to review together or feel free to reach out to connect and network.