If the house were in perfect condition, it would be worth around 250-275k but as of now, selling isn't an option because we may use that property in the future for our business. 

The other option is to find a partner with some experience and use that on the loan.

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

If that's not an option then it depends on what kind of investor you want to be.

As far as I understand, as I am living in it, I was able to get cheaper down payment options.

We're based in Calgary, where there’s a lot of pre-construction happening, and we’re aiming to buy a pre-con property as our primary residence.As a first-time homebuyer, I’m weighing two options: 1.

(I don't have $10k liquid, are there other options or do I just need to save-up for a few months?)

I think Rooms to go would be a good option to get you started given your distance.

It's not unheard of, but I couldn't understand why anyone would want to do that given there are so many other options out there.

Having a backup plan, such as a HELOC or alternative financing options, could provide added flexibility.With loans spread across 19 single-family homes, consolidating into a portfolio loan might simplify management and offer greater long-term stability.