Hi Margaret, I definitely would not change my investing plans based on predicted climate change.

So we wouldn't be losing any space by adding this extra 1/2 btr, on the contrary, it's pretty much a "dead space" and the tenants sleeping upstairs wouldn't need to go downstairs in the middle of the night or every morning - definitely more convenient

I definitely agree.

I will definitely look into it. 

It’s definitely possible to use the equity from a paid-off rental as a down payment for a new property with a DSCR (Debt Service Coverage Ratio) loan, and many lenders offer this option.

We can definitely explore options for a mortgage on your $350k property to fund both your current renovation and the purchase of your next investment property.For the new property, we can also consider a separate mortgage to cover its purchase and rehab costs.Regarding the rural location, while it may limit leverage to around 65% of the property's price/value, we can work within these parameters.Given your equity position and experience, I'm confident we can structure a solution that meets your needs.

Yes, most definitely at that credit score depending on the prepayment penalty you want and even at 20% down I can secure you financing anywhere in the 6's.

Definitely reach out to the local housing authority &/or their case manager and advise them of the problem.

@Evan Polaski Thank you for this knowledge, I am definitely looking to shadow someone here in Houston, there's so much I want to learn about before I just jump in.

I will definitely try exploring in excel to see which route is the cheapest.