My goal is to build a passive income portfolio, build equity and appreciation in properties, build a strong management system, and continue investing for financial freedom.

Also the cashout refi is a no income low doc loan that looks to the DSCR ratio of the building for qualification along with my credit score.

Also don't forget to look into your tax treatment for signage.

RE taxes are almost 9K/year. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Check with a tax professional, but if you have lived in the home for 2 of the previous 5 years, you may not owe any capital gains tax, and so a 1031 is irrelevant.If you didn't you may want to wait.If you do go ahead, read about 'mortgage boot'.

If you have $10,000 in monthly rental gross income established and rolling and you're in a 5 unit property or more (this qualifies the property for commercial loan consideration).  

--> Automates a lot of your expense tracking --> Much cheaper than most softwares/fancy sheets --> Will probably save you a couple of thousand extra on your taxes if you follow all the recommendations. 

It’s about a 20-24% ROI roughly since I don’t know about my taxes and such to do this.

I wish I had all my mint data for some end of the year tax reporting, and am not scrambling to find something new.