Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.

Some people need 2% above the borrowing cost (8% cost of hELOC you gotta then make 10% + etc) and others will want to double their cost of capital or 200% so it depends.Everyone's going to give you their anecdotal experience or what their preferences are so its good to hear it all and determine your own.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

It has appreciated greatly in the west ward and wanting to keep it but don't want the people interaction.

The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.

Changing Preferences for People’s Desire to Live in the Metro AreaThis is likely due to the newfound appreciation for these types of community and experiential activities from the inability to access them during the Pandemic, as well as the lack of need to be near transactional retail stores with consumers now being accustomed to doing a lot of their shopping online.

(so I hope).I have a whole lot more info regarding my interactions with these institutions and how I've dealt with them if you're interested?

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

Again, you market should dictate how you interact with tenants but generally speaking partial rent payments shouldn't be reasonable.

We live in Seacoast New Hampshire and would prefer to invest as locally as possible to start.