Quote from @Chad Verde: Hi BP,I have quite a bit of equity sitting in a rental property I own.

But with a 2-year-old, traveling and destination choices become a trivia of how many hours can she sit still, etc.

I have had a credit history for 20 years, paid as agreed, paid off many lines, have plenty of available credit on CCs and I sit at 730-750.  

Many banks have been sitting on 2nd liens for awhile now due to compliance, regulations, and other third party risks.

My recommendation is to put 10-15% down depending on how much (cosmetic) rehab you need,, sit on it for 3-5 years.

Also look at what similar turnkey homes are up for sale for and if they are either sitting or in contract/what they are selling at.

Just refi back to 20 or 25 years so your P/I works versus the future property cashflow.I would not sit and wait for a higher paying customer. 

Great property, 4BD, 3BA (full), 24 hour gated comunity, pools, rec, all the bells n' whistles.

Often, I have cash sitting around between opportunities and have looked all over for a bank that will hold the cash in some kind of interest-bearing account.

Chimene Van Gundy carefully crafted a public persona as a successful buyer and seller of mobile homes before a judge appointed a receiver to take control of her New Braunfels company and she filed for personal bankruptcy last month.But during a bankruptcy proceeding Thursday, she couldn’t recall any particular deal she did to get people to invest with her or that led to her becoming known as “the Mobile Home Millionaire.”