Hi @Brian Scott,With your low FHA rate, moving isn’t ideal, so using your current property’s equity could be a great option.

Spending that much money and not having an ideal about whats gonna be put in place is not how I do business.If you notice on this draft from the architect.

I was able to see this with a future depreciation table and compare against the non CS expectations.I'm not sure about recapture, presumably yes this is not ideal and probably exacerbates the current recapture issue. 

At the same time, I would speak/interview 3-5 agents and explain what you're looking for in your properties to see if they can keep an eye out for your ideal project.

In an ideal situation, you and your aunt would each pay back your fair share to your grandmother or each other. i.e. each of you share X% of your sale profits to your Grandma OR you and your aunt split the past expenses (taxes, other holding costs, renovation, expenses, etc.) with your grandmother and pay her back. 

Not sure if I follow Ideally we get something that has a good structure but is outdated and needs TLC. 

The location, price, and condition created the ideal situation for our team to make an educated offer.

Own one home currently 1,770sqft 3bed2bath. 15yr fixed 2.625% -- Mortgage +  Escrow $1650/mo, worth $365k, owe $135kTrying to buy a $400k home to move the family into, but keep our current home as a rental property.Considering refi, heloc, or home equity loan to access equity for $80k down payment.Would rent my current house for about $2,100-$2,400/moCan someone with some knowledge/experience tell me what's the ideal way to access my equity to make the most investment sense?

. - Ideally you want both but with a lower down payment, the less cash flow you have due to high mortgage.

I was interested in this deal because its prime location in Uptown Charlotte made it ideal for a short-term rental.