My cure t debt to income ratio is really good.

@Diana RosettI like to buy as many properties as I can on long term fixed 30yr low interest debt that cash flows as possible.

We have over 100k in equity and would like to accelerate our ability to acquire more properties but how does a cash out refinance effect our debt to income.

It seems that rentals are only worth it when you can do the domino effect to get a bunch of houses and be on the line for a bunch of debt.

We are now debt free except the loans on the rentals. 

Monthly Income:      Monthly Expenses:       Monthly Cash Flow:      Pro Forma Cap Rate:$1,550.00                     $2,248.06                       -$698.06                            2.35%     NOI                   Total Cash Needed      Cash on Cash ROI            Purchase Cap Rate$8,124.00                     $20,349.00                      -41.17%                            2.35%======Financial Projections========     Total Initial Equity: -$334,650.00     Gross Rent Multiplier: 18.55      Income-Expense Ratio (2% Rule): 0.44%     Typical Cap Rate: 2.35%      Debt Coverage Ratio: 0.49     ARV based on Cap Rate: $345,000.00=======50% Rule Cash Flow Estimates=======     Total Monthly Income: $1,550.00     x50% for Expenses: $775.00     Monthly Payment/Interest Payment: $1,375.06     Total Monthly Cash Flow using 50% Rule: -$600.06========Analysis Over Time==========Annual Growth Assumptions    3%                   2%                3.4%Expenses         Income       Property Value_______________________________________                                        Year 5Total Annual Income        $20,536Total Annual Expenses      $28,645Total Annual Cashflow      -$8,109Cash on Cash ROI             -39.85%Property Value                 $407,776Equity                              $111,347Loan Balance                   $296,429Total Profit if Sold            $49,939Annualized Total Return       28%

If you're into a nightmare of a situation then this would be very risky and you may want to cut your losses and not go further into debt.  

I believe that the highest and best use for this building is to turn it into an assisted living facility, and restore its original beauty.   

It’s an fha loan for one 4 plex worth 310k and another worth the same bringing the debt to $620,000 asking.

@Kevin Kershisnik, You technically don't have to replace debt for debt in a 1031.