Having a pile of cash is never a bad thing, but the reality is the reason we want to start investing in real estate in the first place is to strengthen our financial position.

He can spend the next few years-ish getting a finance degree through an online school while working part time, but he just got offered a full time position helping with sales for a local wholesale real estate company. 

For our clients we have found that if we can focus on those zip codes with ROI of 7% or higher or RTP of 15 or lower, we have a higher probability of finding positive COC. 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Are there any asset backed loan products that lend in second position or any other forms of financing able to be collateralized by equity you can think of? 

We work hard to keep things positive and real estate-focused (no politics or religion).

On one hand it may be a positive to have some income coming in from the remaining lease while we update the first unit.

Looking for suggestions from people who have been in a similar position, thanks in advance. 

I'm stuck in the mud.Thanks for any positive advice.Yada, yada, yada.  

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.