You might want to consider buying an existing property with your $30k as a down payment.

The complexities here are twofold: You need to review your existing agreements with an attorney to determine if they contain illegal provisions under Section 704.44., and sign new compliant agreements with your tenants.

BUT, it would be subject to the existing $160,000 mortgage balance carrying a 2.75% interest rate.

A 7% guaranteed return on new debt is a lot different than a 3.5% guaranteed return on my existing debt.

Every day, the Chemical Plants (Dow, Shintech, etc.) and residential neighborhoods that surround the site of this location provide a high traffic count.A great opportunity exists for a tenant that is willing to market their business to travelers of Hwy. 1, the residents in the surrounding neighborhoods, and neighboring communities.How did you find this deal and how did you negotiate it?

Unfortunately, I don’t have that same advantage, so I’m looking for advice on how to raise capital without those existing connections.Here are a few questions I have:1.

Just wanted to chime in real quick because we considered investing in that area a few years ago.Today I look at the existing cabins, and a lot of them look fantastic. 

While there is less multifamily stock than in the Northeast it does exist and deals are out there

For many syndications, particularly single deals, that timeline doesn't exist.  

It actually isnt horrible depending on how much your taxes and insurance are, and if you are willing to buy the rate down to make cash flow within a few hundred dollars of your existing mortgage.