You could force the seller to bring it up to code before the sale is complete as one of the contingencies of buying it, let them deal with it.

They wear like iron and still look great after 7 years of vacation rental use.Remember, you don't need to buy brand new.

I recently came in contact with a RE investor who is farther down the line in his career than I am. When I asked him where he gets his deals from, he said wholesalers, word of mouth, and bigger pockets. It surprised m...

Any ideas on what I could turn it into to help generate some extra profit?

Quote from @Jaycee Greene: Quote from @Mark Daniels: I know in residential lending you can get a HELOC to borrow a down payment to buy another property.

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

And it can work really well for you as long as you pay attention to the statute requirements.In order to defer all tax you are selling investment real estate and buying investment real estate of at least the same value you sold. 

Quote from @Fernando Martin-Gullans: Hey y’all, I’m a retail investor with 2 SFH rentals worth a combined ~$650k looking to utilize some of my stored equity to buy more out-of-state properties, but I’m not quite sure how best to proceed given that my interest rates are incredibly low (leaning me away from refinancing) and neither property is owner-occupied (which I believe prevents me from using a HELOC).

My mum currently lives there, she is 80 and not very well, but you would also become a tenant in common and as such if you had the time you could profit 100% from the transaction, as I need cash urgently and am willing to heavily discount the asset.I am wondering if there is a market out there where someone wants to get a foothold in the London market by buying my part of the property.

If you aren’t saving the money up to buy another property chances are nothing will pay a higher rate than paying it towards your mortgage.