While cashing out more equity might seem appealing, it will result in a lower cash-on-cash return due to the higher rate and LTV.

Obviously right now is a lower valuation, but there is always ways to take advantage of the currency spread. 

I mean look at all the MF deals go sideways big time  by flushing those out on BP we find many were done because of keep up with the Jones offering highest return possible and to do that took on the most aggressive debt stances and proforma s of caps lower and rents rising and or refis in the offing.. now we see that in hindsight those structures are not working given that rates rose cap rates rose ( instead of fall( and rents are flat or falling)..

So, you might only have 3-4 outlets in the room when you are done instead of 5 but you have upgraded the electrical in the room at a lower price point.

Hey Chris would love to visit.  100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down loan because the lower down payment requirement and rates/cost similar to a primary residence.

Long term is it a good investment.ThanksHimatejaP.S: I believe the seller is going lower because the property has a relatively smaller pool/backyard .

This gets my mortgage payment barely at break even for LTR value, (could be negative cash flowing), and lowers to about a 6% CoC (with down payment, renov and furnishings' costs)About 1.5 pt lower than my goal and with an MAO $10K higher than I wanted.b.

We also get to enjoy our place as often as we like (the slightly lower occupancy rate due to our use is also a factor in being cash flow negative) and the negative cash flow is offset easily by the equity we'd gain, even assuming only a 2% appreciation on the cabin. 

So at the end of the 5 years, you are just treading water with the lower price point home, while you made headway with the other one. 

Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.Crime is ranked on a scale of 1 (low crime) to 100 (high crime)Binghamton violent crime is 36.6.