Don't get false security of thinking your insurance and umbrella insurance will save you vs judgments.

After assuming average repairs and maintenance, you’re AT BEST negative cash flow of $600 per month.

Curious about the wisdom of messing up a good thing with a cash flowing property to potentially own/sell a multi million dollar property.obviously would like  a better understanding of the risks involved.Thank you 

An 18-20 month turn around time is a long time to have cash tied up doing nothing for you. 

Purchase price: $99,000 Cash invested: $350,000 This is a fantastic multi family opportunity I sold my main contractor that came with stamped and approving plans and permits to build a new construction triplex in the heart of Temple.

Doing a cash out refinance to recoup invested dollars is more difficult due to home values not increasing at 15% YoY.  

Add that payment to the mortgage on the new house and it probably won't float.I think you're stretched too thin and should be focused on increasing earnings, reducing expenses, and saving up for your next purchase.

The seller may face a big tax bill if they receive a pile of cash at closing.

You can do a ‘cash out’ refinance on the rental home as a permanent fixed 20-25-30 year loan to pay off the Heloc on the primary and most likely the equity line on the primary permits a ‘re-draw’ to utilize again. 

Hi Nam,The only way is creating systems that can help you navigate your project week by week.If the numbers make sense, you should place an add and see if you can hire a part time superintendent in the area that wants to make some extra money on the side, a construction superintendent will save you time and money, only doing this part time for you it will not be that costly, obviously you'll need to manage that super and you do that with preset forms and systems in place, if you need help with forms contact me directly with your email and I will send you what I have and what I use, that should help you Good luck!!!