That tap is going to run dry.Can you imagine what it is like to go from paying almost 15% in state and local taxes (NYC) to none (FL)!

Originally posted by @Thomas Phelan:Tony Blasioli Rental Property Investor from Denton, TXDo you have an IRA or 401(k) you can tap into?

It's just a matter of IF/WHEN investors decide to turn off the "purchases" tap!

I would look to the market and sphere of influence you believe you can tap into.  

I'd either sell the property or tap into the equity via cash-out refi or HELOC depending on the specifics.

Some lenders do not offer this, others have a limit to the amount they will lend out (i.e. if someone taps their line hard, you might be cut off from yours), As Bill mentioned a line of credit is not always guaranteed to be there.

There is a local meet up for BP members on January 14th at the Wood n Tap in Rocky Hill, CT.  

In some locations water and sewer taps are fairly cheap.

A tip of advice, work for a placement that best allows tapping into existing waste lines, water lines are no big matter to run distance but waste has strict plumbing code that is distance impacted, as in inches matter, seriously.

I guess your lawyer has tapped into a new way to make money from real estate. 0 down, 0 risk, 0 tenant problems, pure cash flow.