Everyone thought we were crazy trying to buy in 2019 ("The housing market is going to crash!")

I buy most of my deals off-market, and for this particular property, I worked with a trusted broker who specializes in Harlem real estate.

I buy back my time in this way.

Investment Info:Condo buy & hold investment in Ashburn.

so: buy a house. 

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

I would never buy a home in a flood plain. 

We all invest in real estate in order to make money, and keep in mind that someone who can only afford to live in a mobile home and seller-finance to buy the land is probably tight on funds. 

The area has certain advantages like shelter from regulation risk (pretty much as low as anywhere in the country if you buy in the approved STR tourist zones) and long term security (people aren't going to stop going to Orlando anytime soon). 

He'll still be renting - just from you instead of others, and at all the costs to you that you have enumerated.Your son doesn't "need" to buy a house.