hey David,As a broker, I have several options if you're looking to only touch the equity in a second position lien on investment property. 

If you adopt a solo 401k as a Sole Prop you won't have to run payroll and incur payroll taxes and you can still do $23,500 plus 20% of the profit as a profit sharing contribution.

I would love to get a condo down in Miami to have a as a forever rental, but it's just so hard for me to pull the trigger.

If it was a community property state you could file them on Schedule E as a Qualified Joint Venture.

I have a complex next to mine that has over a hundred units, some do very well some dont and you can point to their decor right away as a differentiator.

Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.  

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I want to avoid mistakes as a new landlord so hoping to learn from all of you! 

In addition to offering "cash for keys" assure them that they can use you as a referral on their next tenant application, or offer them a short term-2 month lease.

They even sent someone from the city to the house to tell us to stop operating it as a STR.