We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).  

Here's the scenario -- we lived in our first home (3/1) for 15 years and during the pandemic cash-out refinanced at 2.7% 30-year fixed (have 28 years left), knowing we'd need to spend a lot to either rennovate or use as down payment if we moved.

Purchase price: $168,000 Cash invested: $28,000 Sale price: $245,000 Converted primary residence into buy-and hold in 2020 and sold in 2024 when tenant left and partners needed to go their separate ways What made you interested in investing in this type of deal?

It has a strong potential for cash flow.

We are from California and looking for investing in STR for tax purposes and good cash flow.

MLS, cash offer no contingencies.

I have 125k cash and own some land outright worth ~100k. 

Are you cash flowing the property?

and didn't fill out the cash offer form.

His name is on the construction loan and it is secured as well as the cash to purchase the property came from a heloc from his personal residence.