@Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

Free option available too.    

Just one additional option.  

Unless you're getting this property way under-market value, and/or the property is in a great location (blue chip market), I don't actually see the value of doing seller financing here, considering it's not the most stellar terms anyway.

Actually I talked to 6 different multi family mastermind groups.

Hope is the industry gets some relief soon and I can revisit some options to further improve asset revenue through amenities and/or roll into a better rate a lower principle.

And yes, there is a risk that your rates would go up or they can drop you - but unfortunately, many insurers in that are may already be planning to exit the market or raise rates on everyone to make up for loses.One thing to note about a claim like this, insurance will usually pay for repairs to the damage caused by the problem, but not fixing the actual pipe that broke.

@Robert StephensonIt’s great that you’ve built solid equity in your current rental property— Here are a few options to consider:Cash-Out Refinance: You can refinance your rental property and pull out some of the equity to use as a down payment for another property.

I had two real options, University of Oklahoma or Oklahoma State University.

They have decent rental markets, and there are options where you could get in with a 20% down payment.