I’ve done extremely well so far in the past 5 years of investing by simply meeting with prospective tenants and having a good application to weed out the dead beats.

However, I also see the power of the location and also my understanding is that oceanfront properties have appreciated significantly faster than non-oceanfront.

Thanks Jimmy and Remington, I just DM’d you both.I’m hoping this group to be at least an underwriting/due diligence group, and hopefully a group that finds, manages, and funds deals together when it makes sense. 

You can't beat that....

If you don't want to leverage your existing property, you would need 20-30% down on an investment property loan and it would be at a higher rate than your HELOC.

MF houses provide improved cash flow, economies of scale, and faster portfolio development, but they may not appreciate as quickly.

They estimate the interest rate would be at about 6.6 to 6.8%. 

Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.

The benefits to using available cash to fund multiples investments as opposed to paying all cash for one investment seem pretty self explanatory, but the largest benefits...especially in real estate...are likely the ability the spread risk across multiple investments and the ability to make multiple investments in a shorter period of time, allowing your cash flow, equity, and ultimately potentially your net worth to increase at a faster pace.To answer your question about traditional financing directly, yes you can obtain a traditional mortgage and put a large cash down payment down, essentially financing 'part' of the purchase price.

Well, then clearly you aren't paying attention at all..The world is changing (and warming) and the effects seem to be accelerating much faster than anyone has anticipated.