Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.

(Compared to the usual 30-40 year path.) do they think people with a million or millions in stock just got there?

I've heard Cape Coral in particular is slower than the rest of SWFL, but don't have anything to compare it to right now. 

Obviously I want to keep my costs low but still want to spring for amenities that would give me a competitive edge compared to other rentals.

“ cash flow returns” almost always compare horribly to a simple bank CD after you deduct for insurance, prop taxes< vacancy, capex, prop management (or your personal time.) etc etc etc. 

We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?

We do not change fees or terms unless your appraisal happens to come in lower than the purchase price or the market rent comparables come in lower than expected.

Compare other rentals with a similar size, location and bedroom count to get an estimate of what the rent would be while you're living there.

If you ever want to chat about what’s working here or just compare notes, I’m happy to share what I’ve learned.Here to connect,Jorge

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes.