I personally do not touch equity in my own home to incorporate into my business.

I will definitely be in touch soon.

Very much we will keep in touch  

is the title company in touch with the lender? 

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

It's debt you'd still have to pay back, but at least you will not touch one of those two amazing interest rates. 

Hey Josh - Updating photos occasionally can help, especially if you’ve added new features or want to highlight seasonal touches.

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift. 

Here's the details:ARV- $210- $220KRent: about $1,900/month3 beds/ 2 bathsNeeds: New roof, New HVAC, New fence, Minot touch ups inside like paint and cabinet touch ups.Rehab- About $40kI offered $140K and he countered with $190K.

In the meantime I would touch base with lenders and get the financing squared away.