He further promised that NCM was to be a “hands-off passive investment,” perfect for retirement funds, according to the information.Santarelli also provided balance sheets to investors listing the status of the assets, liabilities, and equity of NCM to the note holders, which listed the total asset value between $143.3 million and $224 million.

We do the balance sheet LOC in Texas, CO, VA and GA so far. 

However it has been a home run investment based on return that would be achieved if I sold today.  

Cashout refi or 2nd mortgage on your primary - it will depend on the note rate and remaining balance on the current loan.

Loan balance is around $225K, rate is 5.225%, and my PITI runs about $1,600/month.I’m moving out of state in January and was planning to keep this as my first rental.

this seems to achieve part of what you want.  

You can achieve cash flow by minimizing leverage.  

Find that balance!

Ask about depreciation schedules, passive loss rules, and balancing cashflow versus tax advantages.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.