We have retirement accounts, a small private stock market account, and an emergency fund. 

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

I'll definitely reach out if I have any questions.Your offer to share tips and tricks on the finance side sounds incredibly valuable.

Does anyone know of a larger bank that does offer a HELOC or something similar IF it's in 3rd position? 

I've only ever sent out an offer like that once, and that was to a preforeclosure lead that refused to discuss the property, instead telling me "that's not how real estate works, just make me an offer".  

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

However, if you can identify a reinvestment opportunity that offers significantly better returns or aligns with your goals, selling through a 1031 exchange could make sense.

I will also have my agent there with me to offer comps to aid in their appraisal if they are receptive to it. 

Quote from @Timothy Rei: The absolute best way to solve this problem would be to offer the teacher $30~$60 to cover the cost of keeping the heater on during days when the room temperature fall below an agreed upon threshold. 

Hi everyone,I’m seeking advice on the best strategy to achieve a goal of $5,000/month in passive or active income starting with $200,000.I’m currently considering Texas, but I’m open to other states if they offer better opportunities.