Looking to get my 2nd property and its clear that I should start thinking more creatively in this climate.

What financing options have been most advantageous for you in the current climate?

have a question in terms of my portfolio. My partners and I have a property that appreciated 50 percent in value this past year. I got an offer for SBA financing off of the new equity that can be leveraged to triple o...

I would however beware of the changing regulatory climate in that market.

These materials are usually more or less the same and will be dictated more by your design, climate, and local building codes than anything else.

Someplace that old needs a thorough inspection of the foundation,roof,electrical panel and wiring,plumbing,water heater,and HVAC.Especially in a harsh weather climate like Wisconsin or anywhere up north.You really wanna check for long term water damage to the foundation and base of the property caused by years of snow and ice, no moisture barrier installed,and poor drainage.The cost of repairing these items should be factored into your bid price.You didn't say what the after repair value of the property was,only that they were asking 135k.If the ARV is only around 135k after improvement costs then 100k and just cosmetic changes would be decent.However,if you find after a thorough inspection that the place needs far more work to get up to code and up to stuff,then you need to show the owner all the problems and negotiate the cost down to cover those repairs.

Although it would be even safer in climate controlled storage.  

I would look locally for a bank or credit union - while these deals on their own typically don't make much economic sense for lenders (can't make enough money on these), a local financial institution that could do loans like this in exchange for you becoming a banking customer of their other offerings (banks/credit unions are hungry for deposits in this current climate!)

Aside from metrics, you can see how much business is coming into the Columbus area, and the fact that it is geographically central to much of the US population, not to mention being in a relatively mild climate zone next to the great lakes.

@Gabriel Gatica with this economic climate I don't know of any lenders offering HELOC's on rental properties.