I plan on doing a cash out refinance on my rental property but possibly transferring it over to an LLC. The lender has no issue doing this since it's a portfolio lender. I wanted to know once I receive the cash, where should I park the money? I know I have to keep business and personal accounts separate. Does it matter at that point? The cash will be used to fund some small renovations on my primary home and to purchase new rental properties in the future. How do I access the money to pay for things not related to the rental such as what was mentioned earlier? Would I pay myself as a distribution? Would that be taxed?