You may be able to break even or cashflow, but you'll be putting 25%+ down and your CoC will be pretty bad.

Plus I wanted the cash to start building rental cabins in eastern tennessee.But looking bad I made a poor decision in selling (I sold about 40) and should have refi'd several of those houses instead.Here would be my criteria if I could have it do over again:If its a nice house in a nice area that will appreciate well and rent well, then keep it and refi. 

OR you'd have to do 2 separate transactions and incur 2 sets of closing costs/ transactional costs. i dont think its a bad play, a lot of people leverage one to help them expand to the next. another challenge you will have, though, is pulling something small like $50k out. most lenders rn have a $100k min. you might be able to find less but then fees/ points will be a little excessive. 

MTRs are treated like LTRs legally.

in the beginning of your post your talking about bad tenant  issues.. and then you say you have great tenants.

Hi, I have a deal in front of me. It's a subject-to deal where the owner owes $165k on the mortgage at a 3.5% rate. The ARV is $350k, and she wants to sell the home for $257k. The house needs a rehab, including bathro...

This status is important because it allows you to treat real estate losses as non-passive, meaning you can offset them against your W-2 income or other active income.If you don’t qualify, real estate investments are considered passive income by default, and losses can typically only offset other passive income, not your W-2 income.

My hearing is kind of bad tooI think I will be good at and enjoy it eventually.

As long as the new house meets all of the town's zoning requirements, he said that we could indeed build a second house on the lot and it would be treated essentially as a condo.

In all seriousness, I posted this because people should realize, there is smart leverage and bad leverage.