If you don't want to leverage your existing property, you would need 20-30% down on an investment property loan and it would be at a higher rate than your HELOC.

We're now looking to take out conventional financing based on the equity we have to do a few things - pay off our existing private loan, fund some larger ticket renovation items (i.e.

Existing mortgage experience and relationships.

Or maybe go to the town (if you're local) and explain how you want to start improving the neighborhood but need some of your funds released to fix the existing violations.

Mostly in the South (which includes Florida and Texas), where prices soared during the pandemic and inventory levels have already recovered to well above pre-pandemic levels.III: Existing Home SalesMost forecasters (including me) expected more of a rebound in existing home sales in 2024.

I bought Class C in Indy in 2023 and now my cash flow is non-existent from repairs called in by tenant (7 times in 9 months), capital expenses (stolen AC unit before tenant moved in).

Your description of the town house is non existent but in general I would choose a town house over a condo. 

Meaning there were properties that were given permits to add units to pre-existing structures, but were not required to re-zone.

The do exist. 

Hope I am posting this in the right forum.....I purchased a house with an existing tenant.