I am either enjoying the sunset in a far-off Caribbean Island with all the money I have from RADD or slaving away back where I belong at Fort Bragg (Liberty) NC for the government to ensure our great SOF Warriors have the appropriate knowledge, skills, and abilities to protect our Nation and people like you who enjoy the ability to freely post on blogs, threads, etc. such as Bigger Pockets without any real knowledge of what they post.

Some call a line of credit a bridge but its not its a open end mortgage and the lien is in second position.If you have any questions or want more info on the above types of scenarios feel free to reach out or send me an email.What you want in this current market is a cash out refinance unless you are trying to sell a primary or vacation home.

I enjoy helping investors and other BP members avoid this very thing you just suffered. 

I will do the same thing with the rentals that I did with my home. ...less debt equals less money needed to enjoy the freedom.

You can look into the ATI exemption, but I dont know if it applies to vacation homes.

Build up for your next investment.I'm not actually spending any of the investment money on myself for a car or vacation.

The townhouse we are looking at has a Certificate of No Harassment in place, open violations and a vacate order.

Congrats, you're a rare find, enjoy your unicorn status! 

Fell into a short term vacation property and can't wait to do more investments!

Here are some quick stats to consider:Tangible Asset: Real estate is a physical asset you can see and touch, which can provide peace of mind.Cash Flow: About 33% of homeowners rent out their properties, generating consistent income through rent.Appreciation: Real estate appreciates by about 3-5% per year, while the stock market averages around 10% but with more volatility.Tax Benefits: Investors enjoy deductions on mortgage interest, property taxes, and depreciation.Control: You can actively manage and improve your property to increase its value.Just take it step by step, and you might find real estate is less risky than it seems.