Investment Info:Single-family residence buy & hold investment.

Curious thoughts on the following scenario.Current SFR with $51k loan at 8.125%, just purchased with around 10% built-in equity on the property, $250 monthly cashflow (post expenses). Current individual stock portfoli...

You have to know your state landlord-tenant laws; they are on the internet:"In New Jersey, a landlord may need to give a 30-day notice to pay rent before eviction if the tenant has a history of late payments and the landlord accepts them.

I have opportunity to buy a small portfolio of performing commercial notes with LTV's less than 50%.  

Like someone else said better to buy land that is already suited for use. 

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.

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.

Unfortunately, there are so many concerns regarding internet safety issues.

Many people don't realize that you gain as much or more net worth through debt pay-down, and while it's less liquid than cash flow, over a 5-10 yr hold period it's considerable if you buy in the right areas with the right asset class.

Make sure you buy it low enough to make it worth the trouble.