If we could choose the ideal software, it would have 90% funcitionality from a mobile app in some limited fashion.

The ideal house hack?

I have been BRRRR-ing for over a decade in Milwaukee and it's not like deals were always easy to find, but once a house has been sitting on the market for 6 months, sellers get more motivated to discuss a less than ideal priced offer.

Any thoughts on what the ideal way to structure the lease option is since my breakeven is quite far above market?

Without an exact numbers breakdown of each option (which should obviously be my next step), I think my ideal situation would be to sell the SF and roll the equity into this, leaving me with a modest holding cost that I can absorb with my stable W2, and keeping the HELOC for any larger ticket items I need during rehab.

I’m looking to do more long term rentals, ideally triplexes or fourplexes but definitely not opposed to SFRs if the numbers look good.

@Kevin S.Personally, I would put everything in the right kind of revocable trust, but there are complications.As a broker, I deal with a whole lot of lenders who claim they will close in a trust but don't really understand them. 

Ideally it would be mostly cosmetic and nothing serious as my free time is fairly limited with work/school.

Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!

Also, below are some ideas I've had.It seems to make sense to start with a list of people in my ideal area that have owned land for a long time and are not actively using it.