If you do you may run the risk of piercing the corporate veil of your LLCs making you personally liable for business debts. 

I used a LOC to build a 12 site RV park in a small town, opened it up and 1.5 mnths later, I'm full occupancy and servicing the debt (some of it at 8.75%) & cash flowing.

Consolidate all of your debt if you can.

Bob arranges the money for Joe, so the bank is short again even though Bob could have paid more on the debt.

In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.

If I finance the rebuild then the 1031 exchange presents some challenges (I will need to land a property that cash flows or breakeven so that I can get the loan for my rebuild, or banks will count that debt against me).

Some sleep better at night with zero debt, while others love to use leverage and are willing to take on more risk.Community banks right now will go with 80% LTV.

That said, there are some things to consider....The reason the other people on this thread were talking about a lease is because of your debt to income ratio.

My name is Terrance, and I’m excited to join this incredible network of real estate professionals and enthusiasts.

Quote from @Dan Zambrano: Hey all,After thinking it over I decided to create a new thread.I am a small time passive real estate investor who has ambitions to expand greatly, first to $20M and perhaps maybe more. i guess I will give a little bit of background on my journey up to now.I am 38 y/o, Electrical Engineer by day, Architectural enthusiast by night.