With all the information you're giving, I'd be really inclined to see if there are any opportunities for me to invest in your area.Best Regards,Charles

Though if you were to tell me that you'd be inclined to spend the $1k that's given to you as rent, I think you're in the wrong business.

I have actually  been more inclined to multi family vs SF.

Which inclines me to always have a lawyer present when dealing with these situations.

I tend to agree that if the goal is cash flow and an owner has the time and inclination to self-manage, that is the most profitable rout.

Will definitely do more research on the decision, since we're inclining towards saving more liquid cash to get another house (to rent it) eventually and I guess we'll need the cash at some point.

You can take a cash advance (highly discourage) at the going advance rate on your CC, typically 19-29% upfront, which makes absolutely no sense to do.If you are in a dire situation, I would attempt any other solution if you are well inclined to pay back the amount such as HELOC (if you have enough equity to access this with your lending institution), a personal loan (5.99-14.99% APR), or borrowing from family or friends for the short term.

I know with the new laws, it is easier to write off improvements in the current year, so I am inclined to wait and take the full write off next year when we turn it into a rental.

The one conception I do throw in there for investors just starting in investing is that early on investors may be inclined to cut costs to leverage their money to grow faster - it's an understandable strategy but comes with it's own risks.

Since the OP seems to be interest rate driven, I thought I’d mention the turn time as the broker may be inclined to put the loan with the best priced lender.