If your'e looking for purely long term appreciation you will likely do great in these markets but if you're looking to have high cash flow and avoid a potential major pricing downturn.

I made my offer on the first day of a major price drop for the 8 unit.

I can't see but maybe the wooden piers are sitting on sonotube concrete piers embedded in the ground which might change things.What I would do is get with a few major local lenders and maybe ask them what they would need to make sure the little studios (that is what I would call them, not yurts) are maximized for value.

Using a heloc as 1st mortgage really only has a major benefit if you have idol cash sitting around from your paychecks. 

The house, built in the early 1900s, was outdated and required major renovations.

Quote from @Paige Corsello: Hi Bobby, the majority of my business is in Pittsburgh, PA and Florida Paige I can go 80% cash out in PA In FL I can go 75% cash out and 80% rate and term

The house, built in the early 1900s, was outdated and required major renovations.

They’re built for heavy use and have faster drying times—usually 30–45 minutes—without needing major electrical changes.If you’re up for a bigger investment, adding extra stackable units in the garage could be a great long-term fix, though it’ll mean some electrical work and setting up proper ventilation.I’d probably go for the commercial upgrade in your current space first—it’s quicker and might solve the bottleneck right away.

I have property here in San Antonio as an active duty member as well and there are over 10k properties listed for rent in the city.

He attached a screen shot of the still active license.