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?

The tenant has proof that the rent payment went through successfully and was processed.

It’s essentially the wealth you’ve built through homeownership.

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else. https://www.kiavi.com/blog/out-of-state-real-estate-investin...https://learn.roofstock.com/blog/out-of-state-real-estate-in...

This process is relatively simple and can be completed through a title company or real estate attorney.

However, you'll want to verify that through analysis your outside basis in the entity.

Two separate property appraisers (at the direction of the lender) were sent out to appraise, and neither was willing to appraise it as a "residence", and thus financing fell through (conventional primary loan).

I'd be happy to talk through the strengths and weaknesses with you.

A good deal won’t matter if your contractor delays the timeline, eating into profits through holding costs.

This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75%  through our in house financing program.