Other, charge on the entire amount from origination forward.

@Derek Harville If your grandmother gifts you the trailer, you inherit her original cost basis, meaning if you sell it later, capital gains tax could apply.

…When the original poster doesn’t come back to their post and acknowledge the comments that people took the time to write.

Yes this is possible.Go check with your original lender on the first property if you had one. 

For a $100,000 loan, we would have to charge 2 points ($2,000) for originating the loan.

I would like to purchase another property so I looked into a heloc and a cash out refinance and it looks like I would qualify for about 75000 max which would be enough to put a down payment on another property and rehab it, but I still haven’t paid myself back from the original property rehab.

With all respect to AirDNA and the amazing data they provide for STR owners, their pricing tool is not on par with most tools available there. 

However I tried Freedomsoft just to pull down cash buyer data to see where to market, and I was impressed by what they say it can do.  

Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.  

The building is likely an old (100 yrs. or more) uninsulated or under-insulated wood frame building, possibly with the original single pane windows.