I personally would stay away from condo-tels as they will be even worse and you'll have less opportunity to cash flow. 

The interest rate on a HELOC or Heloan may be better than the personal loan. 

I personally do not have experience managing rentals.

This is so I know if I should keep the person I currently have.

Hi all,
I under contracted one 6 units multifamily in Bay Area and doing commercial loan with Chase. 
The financial of property is good:
      DSCR = 1.3; LTV = 45%;
Both my liquidity and net worth passes Chase's ...

Realize that you need to design around it.  

What about the business personally resonates with you?

Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.

But you don't find the same person you did back when.

Quote from @Daron Williams: I just invested in a tax deed here in texas it was a beautiful lot right on lake sam rayburn. i have it on the market for sale the only problem is you have to have two lots to build on.. i found the person that owns the lot to the right of me and there willing to possibly sale there lot the only problem is i dont have the money or the credit  to purchase it.