Primary ...

Currently have a local LTR Condo in CA and Primary SFH in CA.

Is our primary residence and is a long term live in flip. $490k mortgage.

Currently our primary source of bookings is Airbnb, followed by VRBO.

Hello everyone im a newby, this is my second investment property.I’m using a heloc from my primary residence to buy an investment property for $145k and I’ll use my own cash for the $15k in renovations.

Tons of things can change a banks trajectory for what they do reupping a loan.Your loan balance is different now, the years left on primary lease are different.The bank might say to do a new loan you need DSCR of 1.25 now instead of 1.10 for example.

The inheritance is a good thing to fuel a nest egg or retirement, and the fact that you received it at a relatively young age gives you some really good options for long-term growth through compounding interest. 

And once you convert it into your primary residence it is no longer eligible for a 1031 exchange. 

AND you’ll need to be living in the home as your primary residence WHILE it’s rented out. 

If you are looking at 4plex you can enter that project with as little as 5% down if you buy it as a primary meaning you will live in one of the units.