I have made a proposal to my mother to purchase her commercial property.The Seller-Financed Deal: Downpayment of $112K (this will pay off all her debts and give her a couple thousand to have in the bank)Monthly payment of $1500 (this plus her Social Security income is enough to cover her monthly bills)Purchase price of $500K (balance due when I sell, when 10 years is up, or when my Mom passes...whichever comes first)My Question: I have been researching using my rental properties for a home equity loan or for a cash out refinance for the purpose of pulling together this down payment.

Setup your bank accounts so that the rent is automatically deposited to a bank account each month and the credit card is automatically paid from that bank account each month - whether the bank pays the card or the card pulls from the bank, whichever will allow you to pay more than the minimum.

Whichever type of property I buy the plan is to live in it for a year (FHA requirement) and then rent out the other side if its a duplex, or rent the entire house out if its a SFH.

As a General Rule, my Desired Profit is $20,000 or 20% of ARV whichever is greater.

Keep us posted with feedback on whichever one you use.

Best of luck with whichever strategy you ultimately choose to implement.

I suggest that whichever way you go, get experience and education on how to do that type of transaction the best you can, in order to limit mistakes and to get good at how to put that type of deal together. 

Or should I focus my time more on one aspect whichever it may be. 

Once you get your score up or secure your capital (whichever comes first) you will also have a spreadsheet of what is a poor, mediocre and good deal relative to the other properties you have run numbers on: going forward then you will be able to tie up something quickly.

Whichever way they figure out there rent collection between all parties involved is their business, so as long as the financial commitment is met on time.