I didn't see how much you payed initially for your condo, so can't really say how much your PITI is, but my advice would be to re finance out so that you essentially break even monthly, then take that & invest in a section 8 multi family to balance out your portfolio.

If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

This leaves you with approximately and essentially 22,400 liquid profits per year.

There are many questions to ask yourself such as, how active do you want to be in real estate investing [passive vs active], your time tables, how much money you wish to invest, etc --> this will guide you and help you determine the best route to take.As far as real estate management, for doing he actual repairs they essentially "mark up" the costs.

It is essentially a cash-out refi.  

HELOCs are very useful but they are not the right tool for every scenario. 

LLC's also have many other inherent problems e.g. you may have difficulty transferring the property to a spouse, or relative since the LLC essentially owns the property and it may not be considered to be a personal property.LLC's do not provide you with any protection when someone sues you because if the court awards damages the LLC cannot pay then it is very simple for the Plaintiff to go after your personal assets, or if someone sues you outside of the LLC then the Plaintiff easily get a Charging Order and goes after your personal interests in the LLC.It is much easier to just file for a Ficticiious Business Name, use a DBS e.g.

And if you become a managing broker, then essentially you work for yourself.Hope that helps!

If you don't have access to the MLS you'll have to use Zillow or Realtor.com or some other online tool to look at recently solds

Essentially, if you sell one it is like paying off that portion of the loan principal, but your payment stays the same unless you refi the whole loan...