With consistent rental income and a strong potential for future appreciation, this property offers a reliable addition to any portfolio.

So, if you have a W2 or cash flow from properties to build some reserve funding over time, then I would likely say know to additional funding from the cash our refinance.

Used a HELOC on a primary, and was sure that even with that additional debt-service, there was + cash flow.

Given appreciation is typically where you are making most of your return in any real estate, having this additional appreciation helps create much higher returns.Additionally, my single family tenants, typically stay a couple years longer than my duplex tenants.  

In addition: I would withhold more money for completion.

Used a HELOC on a primary, and was sure that even with that additional debt-service, there was + cash flow.

In addition, the City of Cape Coral has updated codes and ordinances related to short-term rentals that are now available in a searchable database provided by Municode Corporation (3).Short-term rental limitations have been an issue in coastal communities in Florida, including Cape Coral, where investors can buy property and rent it out for short periods at high rents.

In addition, you can use apartments.com and zillow.com to research rents for comparable homes in your area. 

Contact me directly for any additional details.I didn't think about that but I will. 

It's not great either but they are stating if given this deal once I have 5 properties; they will allow me to convert my 5 properties (I have an LLC but the properties are all in my name not in the LLC yet) over to a commercial loan (5 properties min) and give me a line of credit to continue buying additional properties.