If you're a newer investor, unsecured private funds will most likely be your best option, however it wont work for a simple buy and hold.

You can make more through co-living in most markets, but still likely to be better off house hacking 1 / year and then buy out of state with your extra cash.If you want to chat strategy with someone - feel free to PM me or reach out to contact info in my bio!

Interest on a loan used to buy or improve a rental property is ALWAYS deductible against that rental property.

The other half is a mix of spec and owners buying lots to custom-build for themselves (more of the latter than the former).

I buy and sell real estate notes.

I’ve had several deals like this on the buy side and sell side where the “gremlins” came out and started whispering against my intuitions.  

This would likely take coordination with a tenant at some point - (ie - plenty of notice to them that they must vacate in order for you to sell the property)Since your current home is free and clear -  you could do a cash out refi or take out a new mortgage on the new house to be able to buy your paren't house and pay off the mortgage.  

I'd save yourself from the headaches and just buy it with a DSCR loan.

So shift your expectations to most of the cash out and you'll be good and you'll actually start buying deals, versus people who wait for the perfect deal, spin their wheels for 6 months terminating contracts/analyzing hundreds of places, and then eventually burn out and give up. 

What else would you do with the cash if not buying another investment property?