Additional expenses include: $600 yearly insurance, $30 HOA, and $100 monthly management fees.

The broker might like the additional smaller check business but not if it takes all of their time versus other clients.

Here goes:1 - Take all the cash you invest in a property and add it up.  

Moty Wall If you had not closed on the purchase property already you could have performed a reverse exchange... buy now with an intermediary involved, sell the other afterwards.

Hello,I am looking for some advice on the best way to use the equity in my two rentals to buy additional properties.  

If you just both have 50-50 ownership in the property and are both responsible for aspects of the performance of the property than a simple partnership agreement is acceptable.  

You can use your credit line for repairs and add some additional equity to the property and could potentially refinance if you add enough value.

As that pilot program expands and eventually goes Service wide there may be some additional complications for you.

Not the worst thing but it does leave you with a tax bill and it also slows you down.As long as you perform a 1031 exchange when you sell the Parker property, which you can do right now, you'll be able to move it with no tax consequences at all into whatever market you choose.  

In addition to the energy savings the customer will have (more $ they have to pay rent), another perk of tankless units is lifespan.