Using a HELOC for the down payment on the second home might be an option, but lenders may require you to wait a few months post-closing on the multi-family before approving new loans.The BRRRR-style approach could work if you can renovate and refinance quickly, but make sure the timeline aligns with your lender’s requirements.

Having said that my allocation is flipping quickly. 

Further, running a very quick and simple valuation based on $900 rents, 8% vacancy, 25% op exp margin, and a 9% cap rate, I'm coming up with an ARV of around $83k, so I'd pass if I were you unless you can get a much lower purchase price.

You can become free relatively quickly.

Turning the property quickly (you have to run it like an F1 pit crew)4.

Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.

It is a quick way to bankruptcy, especially if there is a guest injury, even if they are negligent and not fault of yours.Having the correct insurance to cover not only damage but guest injuries is why you have commercial STR insurance.

@Kobe Carr I am in no way an expert but I could definitely schedule some time to walk through them quickly.

The comps in this area also do not have a new sidewalk and walkway, yet we were still able to find a good tenant very quickly.

People were so quick to say he was way off base.