In your scenario you'd have a potential tax event on that $200K difference.Here's a creative way to access most of that money tax free however. 

They claim to charge in the "high 4 figures" - one web source says it's $4800 - to join their group and get access to their network and resources.  

.- My advice; however, is to work with a good mortgage broker as they often have access to more lenders (B or C lenders) that might be more flexible than the 5 big banks.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.

Some landlords use lockboxes or smart locks to grant temporary access, but that has risks if you don’t have someone to oversee things.2.Move-out Inspections/Cleaning: Again, you’ll need boots on the ground for this.

I was able to get to the folders and access the appraisal.

You usually can do these loans with NO points, you just need to work with a broker who has access to dozens of lenders as there are plenty of lenders that can provide these type of loans with No Points. 

I started with Ken McElroy's books, because 1) clearly he knows what he is talking about given his track record and trajectory and 2) because I had easy access to them. 

Moving south...here are some quick areas of note: Florence - Centrally located and easily accessible from Eugene.

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

On balance I have made way, way more money from appreciation that I ever did from cash flow.To me the most important consideration is to always have money or access to money, never be forced to sell.