Best of luck whichever choice you make!

So the payments are often lower on the HELOC.You're also going to be limited to 50% of your vested 401k balance, or $50k (whichever is smaller).

Instead of ending on date x it is now a MTM lease (or the new lease end is stated) and the new rental rate is $x (plus AT LEAST $100 or 5%, whichever is more).

and try a small bank or credit union or even credit cards and to show u got that cash..and which ever lender will see that.. hopefully theyll lend u enough for a down deposit.Lastly don't give up..

We are open to flipping or holding rentals, whichever makes the most sense case by case.

In general, a hard money loan will be based on 80% or the purchase price or 65% of ARV whichever is less.  

So to start this is a master lease and the terms are as follows.Rent paid to seller monthly: $1,500Down payment: $40,000Option to purchase property in 5 years for $175,000Or scenario 2 (whichever seller picks)Option to purchase property in 10 years for $125,000A little about the propertyLocation: Rural area so some rent increases and appreciation but nothing drastic4 units with rents at marketCondition: 4/10 livable but outdated and some deferred maintenanceMonthly NOI: $1,861Market Cap Rate: 9%Is this a good deal or would I be screwing myself?

Whichever puts the ink on the dotted line, at the right price.

Whichever path you choose you eventually need realtor(s) to be on your side especially for a newbie like yourself you can learn a ton from them

I think your primary home owner insurance or rental insurance which ever you may have would cover an incident that involved an Non Airbnb person...maybe a random person who gets injured on your property but the aircover would cover only airbnb related incidences.