@Patrick Torres sorry Patrick.

Quote from @Patrick Roberts: Quote from @Jay Hinrichs: since you post no details so I will make some assumptions.your friend bought on sub 2. 

@Patrick Ulmerwelcome. 

@Patrick GoswitzI guess I am mostly confused, I don't know why anyone would put $100K down on a seller finance deal.I obviously don't know anything other than what you posted, but something seems off.

@Patrick Hammon I hope my reply above helps you too :)

Also love @Patrick Allen's reply mentioning.(1) HELOCs on primaries are easier to obtain(2) High rates may make cash flow difficult unless there is a clear & compelling refi strategyItems I'll add from my seat.(1) Although rare we(Lower.com) offer HELOCs on investment properties, but the terms will always be better on primaries.(2) If you're moving into the next home, needing to only put ~5% down doesn't leave you very exposed to the higher rates of a HELOC.

@Jeshua Patrick, he will not sign a lease agreement, in fact he refuses to sign anything.

Patrick

Quote from @Patrick Drury: @Cecil ShannonIf you can invest locally I would do that, but if the numbers don't make sense and the price points exceed what is doable for you then I would look out of state in another market where you can achieve what you are looking for.

@Patrick Philip, I think your issue is with your last statement "because then the title company will force me to purchase a new title insurance policy."