My advice is to analyze your equity, focus on high-growth areas, educate yourself, and start small.

Education (K-12, High Ed, Trade Schools) 2.

Although supply and demand of 2nds ebbs and flows, we're still finding that there are plenty of 2nds out there today and expect more to come.

You might notice today, it's discontinued.

If he did that today, he would be a YouTube star selling investment courses to suckers.If you borrow against your equity at 6.5% and then get a mortgage at 6.5%, you will finance the entire purchase price at 6.5%.

----------------------------Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy, but the same applies if you have a mortgage on the property as well:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]My one caveat is that a 1-4 unit residential property in Missouri is eligible for an 80% cash-out, albeit at a higher interest rate premium (8.625% @ 80% LTV vs. 6.875% @ 75% LTV today).

After viewing the property today, I believe I’m going to pass on this deal. 

When you say the older vintage properties cash flow better I’m concerned you’re focusing in on properties  in areas that are below today’s replacement cost but in areas that cannot absorb the required capex.

., so make sure you figure in VRBO as well as AirBNB in your calculations.I don't think 8-9% is terrible today.

But at least make that an educated decision.