And then turn around and do a HELOC after for the remaining 10% of the property.

Majority of the time in the military that can get someone hurt, so I try to always remain level headed!

Then set a realistic timeline to have the house rented that you can afford taking into consideration avg DOM of houses selling and your ability to pay the bills if it remains vacant.

So I only pay interest (a very low rate at that) when the line is used and the very best part is I still own the property and I still collect all of my rent every month as I do right now AND my cash flow remains completely unchanged!

Due to the high spring water table (we are in Connecticut), there is still some dampness in a few areas of the concrete floor in the remaining basement.  

I understand that I will need a new lease for the remaining tenant, but how do I handle the existing security deposit.

If you run into more questions or concerns feel free to tag me, as I try to remain pretty active on the forums if time permits.

But for most people it's not an option (and schooling IS mandatory) which means it will always have an affect on property values as long as it remains that way.

If you are looking at a property with just say 4 years remaining on primary you would be likely looking at a high amount down like 75% or all cash purchase.

Whatever your plans are with this property, the remaining taxes due will be paid at closing.