One of the simplest strategies is to refinance rentals when the market conditions are right and you have substantial equity. the loan proceeds are, of course, tax free, and you can use them to fund other deals to expand your portfolio. Naturally, though, you don't to over leverage or create thin cash flows with your new loan.
As portfolios grow, many landlords have to balance stable cash flow with long-term flexibility.
How are you structuring rentals today to stay adaptable for future opportunities?
I have been loving duplex purchases with renting one unit to long term tenants for stability and one unit to furnished Mid Term renters (travel nurses, professionals, insurance claims) on 3-12 month leases for cash flow. The mix is great to get both higher cash flow but also keep some stability.