I have multiple lenders that can do 100% financing for your short-term rehab loans and long-term DSCR cash-out loan options to refinance and hold the property once it has been rehabbed.

I would take out a private loan on the paid off property to get the other one squared away

With its rich history and revitalizing economy, the city offers unique opportunities for long-term growth.

It is important that you keep the investment for a medium to long term.

In response to your questions:Biggest q i still dont really understand is:- what happens if i refinance before 7yr term or sellAs you'll be the owner, you can refi or sell before the 7 years. 

Your decision to lease this property for short periods is what makes this a short term rental property, not the property itself.

Quote from @Christian Artuso: @Remington Lyman Have you worked with lenders that allow only 10% down and are those simply conventional loans?

You’re asking the right questions, and it’s great to see you thinking strategically.My Take on Your SituationSince you already own a rental and want to expand your portfolio, your main decision points are:1.How to pull equity to fund your next deal2.Whether to transfer your current rental into an LLC3.How to position yourself for long-term growthHere’s how I’d approach it:HELOC vs.

The FHA 203(k) loan is designed for owner-occupied fixer-uppers!

This will provide some amazing long term appreciation!