Quote from @Nicholas L.: @Jon R.where on the scale of passive vs. active do you want to be?

Quote from @Philip L.: Got a property in Michigan with no debt, has tenant - I normally use DSCR loans but loan costs and interest rates seem excessive right now.Spoke with all the local credit unions and banks none of them are willing to do a cash out under an LLC Questions are 1.

Of course I don't scan everything, but because my QB is linked to my cards and accounts I can generate a P&L whenever I need one. 

@Evan L., I don't know the laws of your state (assuming your rental is local to you) but I will give some general things to consider.

Any all replies would be appreciated.R,Leeandro L.

In my market updating that (nice sized) kitchen to add another "L' with a peninsula or an island would probably be worth the expense (roi of 30-36 months, better tenants, lower vacancy)

Quote from @Nicholas L.: @Gurjot GrewalYou have a lot of the steps right, but... 

If you are purchasing a NOO, you can use 75% of the projected rents on that property to help offset your debt load.Lenders will look at your net P/L on your schedule C to determine the income generated from the property.

l@Marc Knipe, I tell clients all the time, "The only scary 1031 is your first one". 

Quote from @Taylor L.: Value add multifamily with modest long term leverage.