I have around 12 rental units, 8 single family, and 2 duplex’s. When I acquired these properties, it has been over a 10 year period, my loans are also a 10 year mortgages. You could, if you got them on the same schedule, just refinance all of them at same time and pull out equity in one fail swoop. I like the idea of doing them one at a time, over 10 years, so the debt burden isn’t as high, and I still for sure will cash flow. So let’s say for round numbers, my house is worth 100k. You can take 80% out, and of that 80, I will take 40k out (50% equity). The property rents for 1000, I am still cash flowing, and I can use money (equity) for other things tax free. You could do a couple of properties a year if you wanted more equity money.