Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

Thanks again for your input, and I'll probably reach out as I get further along in the process.Hi @Edward Zachary Samperio, the regulations aren't that difficult and I'd be happy to give you a quick rundown about the density limits, hotel occupancy taxes, permitting, etc.

As a community I think we should focus on helping people who have had their housing situation negatively impacted recover as quickly as possible.

I wish I could give you a quick and easy answer but that is just not how my brain works lol!!!!

TIAMichigan is fairly easy on Michigan Lara website it’s $50 to open a new LLC and they’re fairly quick with their turnaround.

Let's just say even seasoned syndicators are having a lot of trouble raising capital these days.Personally, I would focus on growing as a pilot and getting into mainline (if you aren't already there) and into the captain chair as quickly as possible. 

Using a HELOC for the down payment on the second home might be an option, but lenders may require you to wait a few months post-closing on the multi-family before approving new loans.The BRRRR-style approach could work if you can renovate and refinance quickly, but make sure the timeline aligns with your lender’s requirements.

A prudent investor doesn't seek quick riches through shortcuts.

They seem to be quickly evolving across the country…but this should be secondary.

A quick formula you can use is your estimated purchase price times .0134.