Quote from @Ian Hutton: Quote from @Jay Hurst: Quote from @Ian Hutton: Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go  If you plan on buying new properties do not pay off any debt.

Figure and NYFTY are easy automated HELOC programs with super quick closings (I did one for a client that funded in like 72 hours from loan app). 

I found a property on an auction site that I'd like to bid on.

I have always loved athletics because of competition and teamwork, but would like to enter the world of Real Estate.My short-term goals in Real Estate include starting a career in an aspect of Real Estate investment.

For your example, making the basement fully operational as a livable space seems like a great value add.

The only exception is for on-site managers, like you'd find living in one unit of an apartment building and managing the building on behalf of the owner.

You will likely need financing to scale (especially to scale quickly), and investment property mortgage will not be cheap or even available with poor credit. 

the SBA can still work but the price point is likely going to pencil way under what seller financing would allow.

did you know that banks have their own font and font size (so its like creating your own currency, if you do it and use the right people you will know). 

You are more likely to be struck by lightning twice.