If you have cash on hand to fund the rehab and want to extract it soon after the project is done, you can use delayed financing.

Of course, all channels can work.. from seller financing to foreclosures.. but from my 30+ years in real estate, I’ve found focusing on cash flow analysis tends to pay off more reliably.So here’s the big question that might help steer your next steps.. what do you think would make landlording less stressful for you.. a property manager, or maybe a smaller property until you get more comfortable?

If you're going to reinvest the proceeds you might want to consider a 1031 exchange or a cash out refi to generate the investment funds you desire for your next project.

This is a "me" assumption: I assuming that I made a mistake somewhere in my analysis, so please feel free to show me. :) I learn a lot more from my mistakes than what I (very occasionally) get right on the first pass.

I'd recommend a HELOC for your situation, especially since there is already good equity in the project.

I am researching a project and doing an extensive property visit next month on a project that yields well over six figure in revenue. 

I would have appreciated someone pointing out how to more accurately project cash flow. 

If you want to see an example of one of our projects, here is the airbnb link:https://www.airbnb.com/rooms/4...Hope I can help!

I was overwhelmed with projects at the time but paid $35,000 and sold two years later without any improvements for $125,000. 

I've been doing some analysis on AirDNA and it's saying the general area is a good investment for STR.