I'd be happy to meet you over there and give you my opinion if the foundation work and remodeling is worth the expense.

You’re asking the right questions, and it’s great to see you thinking strategically.My Take on Your SituationSince you already own a rental and want to expand your portfolio, your main decision points are:1.How to pull equity to fund your next deal2.Whether to transfer your current rental into an LLC3.How to position yourself for long-term growthHere’s how I’d approach it:HELOC vs.

I'd suggest connecting with a Real Estate Attorney, and going from there. 

As others have mentioned, DSCR loans are generally for turnkey rentals (although outdated rentals may still qualify depending on the level of deferred maintenance). 

I’d appreciate your input.

@Rajendran Subramaniam looking at it from a 7-10 year lens I'd say the Texas market would provide the strongest return and that'll mainly be through appreciation.

There were a few other good and bad items.Believe the COO is on BP although he doesn’t frequent.  

He has been alongside me on the other deals so I’d like to give him equity/skin in the game and I don’t know how else to do itQuote from @Basit Siddiqi: Getting a property with a partner / friend will not help you from getting hosed on taxes.I wouldn't move forward - You mentioned beng a high income earner so your hourly rate is very high.

If you're new to real estate investing and looking to get the best value, I'd suggest considering **house hacking** using an **FHA loan**—it can be a great option for first-time buyers.

With an interest rate like that I'd seriously consider finding a way to hang onto it and rent it long term even after moving.My wife and I sold our first home in dublin OH in 2018.