Second to cash in the bank is HELOC cash because you can use it however you want (you just have to see it already in an account).

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

Do you prioritize equity growth or cash flow in your investments?

So, did you put more than $30k in cash in the deal as listed in the investment info?

My concern is doing the cash out refi on my other rental and causing a new and much higher payment on it that I can't just pay off like a loan.

The check has been cashed and it's still not settled with me.

Would a cash out refi be under commercial terms since the property(s) are under LLC?

This negative position can consume years of cash flow to recover.

Hi KyleThe way most real estate for sale is priced these days there’s little to no cash flow after debt service with 25% down - borrowing a down payment would put the investor in a negative monthly position.