I call this dumb debt: Quick note; the deferred sales trust can save a failed 1031 exchange( cost zero to have this option, nor does it take any of the identification property positions) (It's wise to always have a back up plan)More on Dumb debt.

We are feeling very positive about the outlook for 2025.

They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?

You get tied up in court and every deal you've ever done gets reviewed to see if there are any other "fraudulent" transfers.

My suggestion would be to select someone with the most forum posts or most reviews.

For someone in your position, starting small but strategic might be the best move.

They will show the property, send applications, review them, and review the applicants with you, and draft a lease and any necessary local docs needed for rentals. 

That's why we encourage all clients to review their policy documents and send them a Monthly Inventory Report.

Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.

I reviewed the SB9 legislation, and it states that properties occupied by a tenant in the last 3 years are excluded from SB9 but only if the project includes demolition or altering more than 25% of the exterior structural wall.