The properties are owned by our LLC.Assuming nothing changes from the current tax perspective, what is the "smartest" tax-efficient method of getting this equity out of our investments:1) Cash out refi $1.6m (80% LTV of all the assets) and invest that money in a more liquid (albeit lower return) investment vehicle?

Check YouTube as some of the DIY providers do their own step-by-step videos.

If you have cash then i would advise you to invest using the BRRR method. 

Step by step, but I will get there.

Included in the offer was 6% Seller Concessions, this is an important step to go over because if you don't have a lot of money for closing, this can help you greatly.

Sadly, eviction is the next step.

Since I was 14 I have sold it all from furniture and auto parts to cars and boats naturally my next step is real estate.

Turnkeys aren't perfect and a TK buyer should know that they need to a) do due diligence on the property as thoroughly as any other property and b) they need to be ready to step up and manage something (likely the property manager) if things aren't going well after the purchase.I'd imagine some people will say the pitfalls are based on inaccurate advertising by the turnkey provider or the rehab quality not being up to par or something, but the reality is--those things happening should've been checked up on during the due diligence period by the buyer.

I was just here about 8 months ago looking for advise about stepping up and investing in the greatest country of United States of America. before I continue, just a bit of myself...

I currently do the majority of the advertising, but that will change once I figure out the best methods.