I'm finding that most in my database don't have 25-50k of income even in an IRA that can be re-directed. 

Depending on the market, 2 properties may bring in more cash flow than 1, as more units generally mean more potential rental income.

There are a few problems with what you said and how you are planning to go about filing taxes for your rental income.First, I think you meant your LLC is operating in a State that is NOT a “community property” State  As a result, you will need to file a LLC tax return with the IRS and State -> Yes, you are required to file The LLC tax return you file (I’d recommend getting help) will include an IRS Schedule K-1 for the LLC parters (you and your spouse).You will need to use these IRS Schedule K-1s to report your rental income and expense on your personal taxes return. 

There are different tax codes / concepts when it applies to real estate investors vs those with a small businessSmall businessA) SEP IRA / Solo401KB) S-Corp or notReal EstateA) Real Estate Professional StatusB) 1031 exchangeThere are also some concepts that apply to bothSmall business / Real EstateA) Home Office DeductionB) 199A Qualified Business Income deduction

One more factor that is rarely considered is your total debt-to-income (DTI) ratio.

Both homes were purchased in cash, so I do not have any debt on either property.I'd love to do a cash-out refi on either home in order to buy another rental, but I am not sure if I'm missing something with the BRRRR method and would appreciate some guidance.Current Rentals' ARV: $125k for both (slightly conservative # here)Purchase Price for 3rd/new rental: $100KRehab Needed: $2.5k (tenant currently in place, just needs punch list items taken care of)Gross Rental Income: $1500/monthI guess what I'm having difficulty with is how much I'll be able to receive back from the re-fi that I can use towards the purchase of this 3rd property.

If it doesn't add income to your wallet after the expenses do not take the time and money to do it.

That way your 1099 write offs that probably killed your income would be irrelevant.I work with a lot of investors who rent and contiue to buy investment properties until they find what they want to buy again as a primary.

As the sole owner, I secured this asset with 0% down, a 5% interest rate, and a 5-year balloon.These strategic purchases form the foundation for a robust future, generating excellent passive income and equity.

Tenant screening process - what credit score, how do you verify income?