Quote from @Dylan Webb: Hello, here's my situation:My wife and I own several properties separately.2 of the single family homes combined we have conservatively $150,000 in equity ($90,000, $60,000) I want to use one of these as collateral for a small loan of $30,000 to put down on a high cash flowing property OR have a lender finance the whole venture at a purchase price of $160,000.

I went the owner occupied route on my first 3 homes.

@Moshe MarcianoI recently helped an investor from Orange County purchase a single family home here in San Diego.

Tiny house thing doesn't make sense to me btw because tiny homes aren't really good for appreciation, maybe only for cash flow.

.- Texas vs California Home Construction.

You get the benefits of real estate without the headaches of mortgages, rehabs, or tenants.𝗧𝗵𝗲 𝗖𝗼𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝘀𝘀𝗶𝗴𝗻𝗺𝗲𝗻𝘁 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 is a unique way to raise cash by helping sellers secure a tenant-buyer who wants to own the home in the near future.

They also have a home vacancy tax in a lot of areas which applies to short term rentals. 

As there are Californians still moving here, the vast majority are instead picking the states with low or no state income tax like Texas, Florida, or Tennessee.Although we still have a positive influx of people moving here, more people have been leaving due to rising housing costs in recent years.To put it in perspective, we saw around +45k in the 2010's.Overall, CO is basically a balanced net migration in recent years which is likely to keep home prices steady....

Just some notes to consider based on what your unit is like. 

Gutted the entire home and rebuilt it What was the outcome?