Initial negative equity position is $50k. $50k / $250 (cash flow) = 200 months (16 years) to recover the negative position.  

A&D has a 2nd position DSCR but not revolving - installment only.AO has a HELOC but self-employment documented for 2 years is required. 

My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse.  

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You have $190,000 in equity earring $7,200/year when there are no repairs and no vacancies.

So that is another way to scale using leverage and still get positive cash flow.

Look forward to hearing your ideas, growth and positive connections!

One thing I didn't see mentioned was an equity partnership.

Buying at the mortgage balance (~$150K) positions is under the fair market value and can trigger gift tax rules.

The second position lender will get nothing.