As Jonathan mentioned it can be done, but they may require an appraisal of the property. 

However, if you want long-term stability and predictable payments, refinancing might be a better option, especially for larger projects.

Thank you and to you as well with your future endeavors. 

Looking for ways to expand my network as well as possible job opportunities. 

My problem is that I have been looking in my hometown because I thought I wanted my first property to be close by to make it easier at first, but I am thinking I need to look in other markets.

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

Each should be able to operate on its own.

Be a man. 

I currently broker LIHTC multi-family for a large firm coast to coast and am also interested in MF in the Arizona submarkets as well, and will eventually invest on that scale - I just figure breaking into the state through SFH flips may be a more risk adverse way to understand the pros and cons to phoenix submarkets.

We are being conscious of property tax on a vacant piece of land (our potential liability) as well as the potential capital gains taxes (their potential liability).