Here is an example of a commercial loan for this type of property that I have seen in Texas.  4.5% APR 30 yrs 75% ARV excellent credit.  

We have rented VR's for about 15 yrs and always looked for places that allowed us to bring our dog(s). 

Along with prices, I know that the University plans to double its student body size over the next 10 yrs which means more students to rent.

I spoke to the developer assistant as the owner was not there and he said the developer has been in the business for 10 yrs.  

I guess I should start by introducing my self My name is Sergio I live in the awesome city of Phoenix, Az I came to the U.S 22 yrs ago from Colombia, I served honorably in the U.S Marines and I currently work in the oil and gas industry in the frozen state of ND some of my hobbies are riding my motorcycle, hiking, shooting at the range, salsa, bachata, vallenato dancing.Like almost every one I was influenced by Robert Kiyosaki's Rich dad Poor dad a few years ago and that set in motion a desire to get out of the rat race, I started working in the oil industry to get out off debt as prescribed by Dave Ramsey now a few years in to my oil field career I've accomplished some financial goals and now ready to dive in to the real state world so I can work for my self "minding my business" (forgot who said that but good quote) I like to focus on buy and hold rental property the residual income is something that is appealing to me, I guess my goal is to eventually stop "working" and spend more time with family and donate more of my time and money to my friends organization helping disable kids and under privilege families in Colombia.I hope this was a proper intro and it wasn't too long looking forward to one day being on the Bigger pockets podcast with Josh and Brandon and having photograph taken with Robert Kiyosaki.

Plumber told Kid 4 that the pipes are shot & there was 30 yrs worth of hair in there. 

If so, this would open up a third option that is better than cash out refi since I'll be able to keep my low interest rate on the first mortgage.I was offered a 75% portfolio mtge - not heloc - from Quicken Loans 2 yrs ago. 

John Heffner it comes down to how well this investment will perform in the next few years (or whatever your investment horizon) vs other opportunities you might be evaluating.Personally, I am liquidating some SFR rentals which have appreciated over the past 4-5 yrs and were generating 2% but I can get better investments in larger apartment deals and it scales much better.

Put your grandfather's 1970s strategies aside during this time unique time in history where we're likely going to see a good, steady increase in values over the next 7 to 10 yrs, which can dwarf monthly deficiencies.PLUS, those deficiencies accumulate in what's called a PALA (Passive Activity Loss Account) which can be written off for years and even after the home is sold correct?

Should I keep the property since there’s only 13 yrs left or sell and use the equity?