What made you interested in investing in this type of deal?

The best option is securing financing that allows the LLC to buy the new property, as commercial or portfolio lenders may accommodate this.

Hey @Audrey Sommer, is this in regards to overall condition of the home or highest-best-use of a property for investing?

Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?

Glad to have you as a part of this awesome community, Simon! 

For this reason, I prefer to plan renovations when a long-term tenant moves out.

This is very cool.

This of course pushes "comps" lower and affects the selling price lower of anybody trying to sell.

I would say that this is an amazing location and you're going to learn so much!

This inquiry is from Booking.com and my listing is new so it has the 20% new listing promotion.I'm a bit surprised with the 28 day request (vs a weekend booking) so I'm not yet comfortable with this new inquiry.