I financed the deal with a conventional loan and bought down the rate from 7.75 to 6.25.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

@Jordyn Ohs pay off/down your Heloc aggressively and/or look into DSCR loans for future acquisitions.

We've utilized the VA loan for our current home, and this strategy has worked well so far.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

Are LPs entitled to see foreclosure, bank loan related docs?

I have gotten a few loans through Kiavi.

I began shopping for a large construction loan to build a new car wash on the land. 

Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties.

If it is with HUD, did they foreclose or is HUD servicing the loan?