A hybrid approach could also work—perhaps using a HELOC for reserves while saving the stock portfolio and 401k loan as backup options for future opportunities.

I'm trying to Figure out how to make this potential deal work.Seller wants to sell but not right away because they still use the house for some income.  The Mortgage is paid off. How can I strike a deal where they can...

Tampa has a lot of value-add opportunities in gentrifying areas where you can snag deals that balance growth and stability.

The property offered a balanced investment opportunity—enough to significantly enhance its value through renovations, yet manageable in scope and cost.

The question is mostly a personal financial planning question and it depends on your preference and what balance of risk and access you'd like and would be comfortable with.

No one pulled a payoff to confirm the balance or looked at the latest statements before closing? 

It’s crucial to work with an experienced broker who can access multiple carriers.

It balances stability with potential for appreciation, especially if you find a reliable tenant.On the other hand, for investors with time, experience, and a willingness to take on higher risk, active strategies like value-add projects or flipping might yield quicker returns but require deeper involvement.

I do not want to pay a plumber to do the plumbing for this work.  

Could you expand upon "leverage the start of your entire life"?