It's a fine balance between economy and what you would do for oneself, but creating a space that feels like home should be of primary focus.If you're looking for some insight into re-leveraging any investment properties for capital improvements, furnishings, etc, some lenders can utilize AirDnA projections to qualify. 

just be cautious when it comes to using these. ensure you've got a plan to pay that balance back in a relatively quick fashion as most HELOC rates can fluctuate which could make the numbers suddenly not work. i've leveraged mine in instances where i'm doing a BRRR and i want the deposit for a private money loan. i'm not using it as my downpayment and leaving it out there for a long period of time. 

What if the house sells at auction for less than the foreclosing lien balance?

After pm forwarded my case (tenant did not pay rent) to collection agency, the judgement claim balance is $7,569.33.

So its a fine line on how to balance those things and grow whatever business you want to grow..

For the purchase of the new property, you can consider a seller carry offer (balance of purchase price minus the down payment) or obtain a new mortgage on the commercial/resort. 

I think it is reasonable to assume 4% annual appreciation in this area, which means after two years, the property could be sold for ~$635k.Based on the terms of the mortgage, ~$351k will be remain on the loan balance after two years.

So, find knowledgeable finanical advisor and CPA to setup and create a balanced investment portfolio. 

I think it is reasonable to assume 4% annual appreciation in this area, which means after two years, the property could be sold for ~$635k.Based on the terms of the mortgage, ~$351k will be remain on the loan balance after two years. 

Drafted a plan, gathered estimates, created a budget, put together DTI sheets, even got an "as-built" appraisal, and also have it in a permit status at the Local Building and safety office.Then I started to look into the construction loan and the permanent financing....to do it myself, and not through a builder.I soon realized that there are sooo many companies out there that want to try to help...but cant  (some of them were even on this network of people):  don't have builds on record, won't allow for owner-built homes, my credit is less than 680, while carrying the construction loan, there may be a point at the end where because i have my rental house while building that it become hard to pay, and  I can't pull out a private loan to help start process because my credit cards balances are horrible...and my "business" has no show of income.So, now we are here in the present time....