I used a LOC to build a 12 site RV park in a small town, opened it up and 1.5 mnths later, I'm full occupancy and servicing the debt (some of it at 8.75%) & cash flowing.

You may even be able to fill additional rooms if the potential resident knows others who are traveling to your area.3.

I prefer an assignment @William Causey as it keeps me off the chain of title and any issue(s) that go with being in the chain, as well as any additional expenses related to a doublel close.

I was kind of trying to be confidential than display my business on a public site, but here we go.

If your rental income increases faster than inflation, you will have the additional dollars you need to pay inflated prices.

@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.

You may have to make modifications or additions in order to get that signed off.

In terms of the down payment, that 75,000 includes all of the additional fees and associated costs and such as well.

$800k at a couple extra percent means it’s costing you AT LEAST $16k PER YEAR in additional interest.

You can evaluate the additional cost and payback time as if you were paying for heat to get a handle on it but the jump to most efficient is probably not worth it in your situation.