Lien: This is a legal claim or hold on the property to secure payment of a debt.

Most of our units are currently full of locals who had Helene damage or they are in town to do restoration work so they know the deal. 

The issue is that if you are not licensed (if no NMLS number= no license) you cannot by law do an owner occupied loan therefore you do not know that the credit report means nothing when it comes to actual debt.

You didn't mention getting debt for a portion of the purchase price.

The one thing to keep in mind is that a HELOC is a great short term debt instrument.

After they see the full benefits (decreased living expenses, appreciation, debt pay down from your tenants, depreciation), then their mind will change :)What is the business plan transitioning from HH#1 to HH#2?

Our focus is on securing high-quality tenants to restore stability and improve cash flow.Despite these challenges, we are confident that selling this asset is the best course of action to protect the overall portfolio.Immediate Plan: Increasing OccupancyTo improve the property’s financial performance in the short term, our plan is to lease up the vacant units as soon as possible, starting with the three units that are rent-ready.

My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!

We started the jump a few years back by getting our real estate licenses and working toward paying off debt and start saving money to invest.  

Samuel,I would advise on number #1 to buy a 2-4 unit live in one unit for 12 months rent out the others to cover the debt and cash flow.