Additional expenses include: $600 yearly insurance, $30 HOA, and $100 monthly management fees.

The broker might like the additional smaller check business but not if it takes all of their time versus other clients.

Here goes:1 - Take all the cash you invest in a property and add it up.  

Your best bet is to post over in the local networking or marketplace part of the forums.

I bet if you Google "Craigslist scam private mover" or something similar you'll find almost the exact wording of your text!

Not to say anything is wrong with those properties but I am seeing more and more properties that people from Austin are buying "betting" on the future and not taking into consideration what it is today.

Hello,I am looking for some advice on the best way to use the equity in my two rentals to buy additional properties.  

You can use your credit line for repairs and add some additional equity to the property and could potentially refinance if you add enough value.

As that pilot program expands and eventually goes Service wide there may be some additional complications for you.

I'm not an expert on Wichita, but I'll bet a beer that your return on your Parker house, when considering rents AND appreciation, is much higher than the same amount of money invested in Wichita.